Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether it is his policy that communities which have been proactive in instigating housing growth will gain access to the infrastructure funds announced in the Autumn Statement 2016.
At the Autumn Statement my RHF the Chancellor announced that the government would invest £5.3bn in housing. This includes a new £2.3bn Housing Infrastructure Fund and £1.4bn additional funding to build 40,000 new affordable homes.
Both affordable housing funding and the Housing Infrastructure Fund will be allocated competitively. The Housing Infrastructure Fund will be used to deliver infrastructure, such as new roads, that will deliver up to 100,000 homes. Money will be competitively allocated to Local Authorities whose bids will deliver additional homes in areas of high housing demand.