Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, whether she plans to commission further rounds of the (a) Build to Rent fund and (b) Private Rented Sector Guarantee scheme.

The government provides development finance for Build to Rent schemes alongside institutional investors through our Levelling Up Home Building Fund, delivered by Homes England.

Building on the announcement in the last Budget, we will be reopening the Private Rented Sector Guarantee Scheme (PRSGS) for another three years to new applicants, and just under £2 billion of guarantee capacity will be available to Build-to-Rent developers to support housebuilding.

We have also modernised the scheme rules to reflect the current state of the market, meaning that more housebuilders will be able to access lending.