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Housing: Finance

Asked by Shaun DaviesLabourMinistry of Housing, Communities and Local GovernmentTabled Answered 17 March 2026UIN 120084

The question

To ask the Secretary of State for Housing, Communities and Local Government, what payment will replace the new homes bonus for local councils who (a) meet and (b) exceed their housing target; when this payment will take affect; and when the New Homes bonus will cease to exist.

Answered by Matthew Pennycook

The government has no plans to replace the New Homes Bonus.

Further details on how the funding previously allocated to the New Homes Bonus was returned to the core Settlement are set out in the Final Local Government Finance Settlement published on 9 February 2026 which can be found on gov.uk here.

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