Housing schemes will bear the brunt of £160 million of cuts to the Communities and Local Government department’s private finance initiative budget. An unspent allocation will be taken out of the scheme as part of a package of cuts in grants to local government. The CLG said some of the £160 million would come from housing PFI, but could not give an exact figure. A CLG spokesperson said the savings will come from unspent allocations caused by delays in making claims by local authorities. Credits worth a total of £1.69 billion were allocated to 10 projects in round six of housing PFI, outline business cases have yet to be endorsed. Read more on the Inside Housing website.
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