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Housing: Construction

Asked by Mike AmesburyIndependentMinistry of Housing, Communities and Local GovernmentTabled Answered 20 December 2024UIN 19760

The question

To ask the Secretary of State for Housing, Communities and Local Government, what assessment she has made of the potential merits of retaining new homes bonus payments.

Answered by Matthew Pennycook

As set out in the provisional Local Government Finance Settlement on 18 December, the government have committed to a further year of the New Homes Bonus (NHB) in 2025-26 which will provide £290m of funding to local government in recognition of a net increase of 214,000 homes. We have also committed to consulting on reforming the NHB in the new year.

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