The government has announced New Homes Bonus grant
allocations worth a total of £1.5bn for 2016/17. The CLG has revealed the
amount of bonus each English local authority will receive. The New Homes Bonus
currently rewards councils with a payment equivalent to six years’ council tax
for each additional new home they add to their housing stock. The allocations
are set to be the last based on six years of council tax. The government has
proposed reducing this to four years from 2017/18. It has also suggested
changing the scheme so that payments are reduced if planning permission for new
homes is granted on appeal and that councils without a Local Plan do not
receive any bonus. Find details of the allocations on the CLG website.
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