Spending Round: MHCLG Budget Rises 2.7%, But Little For Housing

The MHCLG will see its budget rise marginally to £1.64bn next year, following Spending Round announcements that made little mention of housing. The budget increase for day-to-day spending in 2020/21, up from £1.57bn in 2019-20, represents a 2.7 per cent ‘real terms’ increase, based on government calculations. It includes an additional £54m to reduce homelessness and rough sleeping, and £24m in additional funding for the Building Safety Programme to support the new building safety regime. The budget also promised “continued support to increase home ownership”, including through the Help to Buy equity loan. The current Help to Buy scheme is due to end in 2021. Read more on the Social Housing website.

https://www.socialhousing.co.uk/news/spending-round-mhclg-budget-rises-27-but-little-for-housing-63055?utm_source=Housing60&utm_medium=email&utm_content=article_link&utm_campaign=H60