Private Rented Housing: Construction
The question
To ask the Secretary of State for Housing, Communities and Local Government, what the total (a) funding under the Build to Rent Fund and (b) finance supported from the Private Rented Sector Housing Debt Guarantee Scheme was; and what estimate she has made of the number of additional dwellings supported by these schemes.
Answered by Matthew Pennycook
The Build to Rent Fund provided over £606 million in debt financing to support the construction of 6,262 homes. The Fund closed in 2016, and all loans have now been repaid. The Private Rented Sector Guarantee Scheme has thus far supported the delivery of 7,660 Build to Rent homes, utilising c£1.5 billon of guarantees capacity.
We recognise that the Build to Rent sector plays an important role in driving up quality and delivering additional homes in the Private Rented Sector. We continue to offer support to new schemes alongside institutional investors and operators via the Levelling Up Home Building Fund.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →