Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Housing, Communities and Local Government, what factors he plan to take into account when receiving requests from local authorities and oversight authorities under the draft New Town Acts 1981 (Local Authority Oversight) Regulations 2018 to determine the borrowing ceiling.

We will shortly be publishing guidance to accompany the New Towns Act 1981 (Local Authority Oversight) Regulations 2018. This will provide details of the information and preparatory work the Secretary of State for Housing, Communities and Local Government will expect to see from local authorities wishing to designate a new town and create a locally-led new town development corporation, including arrangements for agreeing peak borrowing requirements.