Thursday, 18 November 2010

Shapps: Rewards for Homes with the New Homes Bonus

Housing Minister Grant Shapps has pledged cash for communities who allow new homes to be built in their area. Almost £1bn Government funding has been set aside for councils that welcome new housing development, which they will be able to spend to benefit their local community. In proposals published for consultation, the Minister has announced that the Government will match the council tax raised from new homes for the first six years through the New Homes Bonus. Councils and communities will work together to decide how to spend the extra funding - whether council tax discounts for local residents, boosting frontline services like rubbish collection or providing local facilities like swimming pools and leisure centres. Mr Shapps said councils who have already set out their stall for growth are building up rewards for their local area, and all homes that are built now will benefit from the new funding. Councils will also receive a higher level of funding for building new affordable homes. Download a copy of the consultation document from the CLG website.

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