Question to the Department for Levelling Up, Housing & Communities:
To ask Her Majesty's Government what plans they have for the future of the New Homes Bonus scheme.
Since 2011, the New Homes Bonus has rewarded local authorities for housing growth in their area, providing £8.8 billion to local authorities in England in respect of a net increase in housing stock of 1.9 million homes. As part of the Spending Review, the Government has announced that there will be a further round of New Homes Bonus under the existing scheme in 2021/22. However, we are committed to reforming the New Homes Bonus to ensure it is focussed on incentivising homes where they are needed most and we will consult on changes to the Bonus, for 2022/23 onwards, shortly.