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Housing Infrastructure Fund

Asked by Rachel BlakeLabour (Co-op)Ministry of Housing, Communities and Local GovernmentTabled Answered 17 September 2024UIN 4857

The question

To ask the Secretary of State for Housing, Communities and Local Government, how much of the previous Government’s £4.2 billion Housing Infrastructure Fund remains (a) unspent and (b) unallocated.

Answered by Matthew Pennycook

The £4.2 billion Housing Infrastructure Fund (HIF) is now fully allocated to HIF projects. As of the end of June this year, £1.8 billion had been drawn down by local authorities.

The Department estimates that HIF has unlocked c260,000 homes. Local Authorities report starts and completions on housing developments facilitated by HIF investment to Homes England and the Department. Based on these returns, c29,000 homes have been started of which c18,500 have been completed.

It should, however, be noted that these Local Authority returns are not verified by government and should not be regarded as official statistics.

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