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

To ask His Majesty's Government what plans they have to procure 1 million extra rental properties that are estimated by the National Residential Landlords Association to be required by 2031.

In our Plan for Change, we have set an ambitious milestone of building 1.5 million new homes across all tenures in England in this Parliament. At the Spending Review, we announced £39 billion for a successor to the Affordable Homes Programme over 10 years from 2026-27 to 2035-36. For further information, I refer the noble Lord to the Written Ministerial Statement published on 2 July (HLWS770).

The government is committed to supporting the Build to Rent sector. We are unlocking nearly £2 billion in additional lending through the Private Rented Sector Guarantee Scheme and have announced a £700 million extension to the Home Building Fund to help deliver more homes alongside institutional investors, including those provided by Build to Rent operators.