Town halls might have to shelve house building and rural
broadband schemes if the government goes ahead with a £400m cut to local
authorities, council leaders warned today. Under government plans, the new
homes bonus – where payment is given to local authorities for creating extra
housing – will be diverted to local enterprise partnership areas as part of the
local growth fund. LEPs are partnerships between businesses and local
authorities. £400 million from the NHB will be pooled within LEP areas in
2015/16. The Local Government Association says this represents 35 per cent of
the total value of the bonus, which was introduced in 2011. Read more on the
LGA website.
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