Mark Prisk announces £661 million New Homes Bonus for councils
Published by Max Salsbury for 24dash.com in Housing and also in Central Government, Development, Local Government
The housing minister, Mark Prisk, today announced a £661 million New Homes Bonus to be shared amongst England's 353 councils.
Councils will receive their share of the fund over the course of the next financial year, after delivering 142,000 new homes - including 58,000 affordable properties - and bringing 13,000 long-term empty properties back into use.
Today’s provisional allocation, to be paid in the 2013-14 financial year, means councils will have received £1.3billion through the New Homes Bonus scheme since its launch in April 2011.
Mr Prisk said: “For years, developers found themselves at loggerheads with communities unconvinced that their plans for growth would benefit them. But the New Homes Bonus is turning this around.
“The £1.3billion paid out to councils to date has meant that now local people are able to see the rewards of new developments in their area – paving the way for thousands of much-needed, locally-supported homes to be delivered across the country.”