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

To ask the Secretary of State for Housing, Communities and Local Government, how much debt has been guaranteed under the Government's housing guarantees programmes since 2010 for (a) private rented and (b) social housing.

The Government launched its Affordable Housing Guarantee Programme (AHGS) in 2013, followed by a Private Rented Sector Guarantee Scheme (PRSGS) a year later. Each made available up to £3.5 billion of government guarantees.

The AHGS closed for applications in March 2016 and the final loan was drawn in March 2018. It has provided a total of £3.2 billion of government guarantees to support the delivery of additional affordable homes.

The PRSGS, which closed for applications at the end of 2018, has to date guaranteed £698 million of debt to support the delivery of large-scale, professionally managed accommodation for private rent. The scheme has a pipeline of further applications considerably in excess of the remaining £2.8 billion. These applications will continue to be processed and funded as the projects reach completion, until such time as the £3.5 billion is fully utilised.