£900m New Homes Bonus Funding Confirmed

A further £900m for the New Homes Bonus in 2020 to 2021 has been confirmed by Housing Secretary Robert Jenrick. Outlined in a consultation document, the announcement from government sets out an increase in Core Spending Power for local authorities – expected to rise terms by 4.3% to £49.1bn in 2020 to 2021, an increase of £2.9bn. Local authorities across England will be encouraged to submit views to the government’s funding proposals for the sector in the next financial year. Read more in an MHCLG consultation.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/836539/Local_Government_Finance_Settlement_2020-21_Technical_Consultation_.pdf