Housing: Greater Manchester
The question
To ask the Secretary of State for Housing, Communities and Local Government, what funding her Department has provided to Greater Manchester Combined Authority's Housing Investment Loans Fund; and whether (a) guidance and (b) conditions were attached to that funding.
Answered by Matthew Pennycook
The Ministry of Housing, Communities and Local Government (MHCLG) provided Greater Manchester Combined Authority (GMCA) with a £300m Housing Investment Loan Fund in 2015, as part of its devolution deal.
The requirements of the fund, including the conditions, are set out in a Facility Agreement – executed as a deed – between MHCLG and GMCA. Summaries of how the fund operates are publicly available at gov.uk https://democracy.manchester.gov.uk/Data/Executive/20150318/Agenda/21_GMHousingInvestmentFund_2.pdf and https://democracy.greatermanchester-ca.gov.uk/mgConvert2PDF.aspx?ID=34289
On 17 June 2025 we announced that the fund will be extended to deliver thousands of new homes over the next ten years.
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