Housing: Finance
(asked on 13th April 2018) - View Source
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Housing, Communities and Local Government, what funds have been provided by (a) his Department, (b) Homes England and (c) the Homes and Communities Agency to London and Quadrant Properties in financial years (i) 2015-16, (ii) 2016-17, and (iii) 2017-18.
The following funding has been provided by homes England and the Ministry of Housing, Communities and Local Government to London and Quadrant properties for financial year 2015-16, 2016-17 and 2017-18:
The Government guaranteed a bond of £175 million to L&Q on 24 November 2016 under the Private Sector Guarantee Scheme.
Additionally Homes England have provided funding to L&Q and East Thames (now a subsidiary of L&Q):
Developing Organisation Name | Reporting Programme Group | Actual Spend 2015/16 | Actual Spend 2016/17 | Actual Spend 2017/18 |
L&Q | Help to Buy | 0 | 6,887,673 | 8,534,000 |
L&Q | Right to Acquire | 29,500 | 0 | 13,500 |
East Thames Partnership Ltd | Help To Buy | 0 | 6,903,663 | 0 |
East Thames Group Limited | AHP 2015-18 | 0 | 751,500 | 0 |
East Thames Group Limited | Care and Support | 0 | 126,000 | 0 |
In addition, the GLA has provided £394,740,000 funding to London and Quadrant from the Affordable Homes Programme 2016-21.