Wednesday, 12 July 2017

Housing: Construction – Parliamentary Written Answer

Mike Kane: To ask the Secretary of State for Communities and Local Government, what proportion of successful applications to the Home Building Fund have been submitted by builders delivering less than 100 units per year since the introduction of that fund.

Alok Sharma: The £3 billion Home Building Fund provides long and short term loan finance to build the homes this country needs. To date the fund has allocated £1.181 billion (40 per cent) to successful applicants. Of the £1 billion short term fund £0.445 billion (44 per cent) has been allocated to successful applicants. The proportion of schemes which will be delivered by small and medium sized builders is 70 per cent. Of which, nearly 90 per cent of these sites have fewer than 100 homes.

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