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  6. New Homes Bonus makes progress

New Homes Bonus makes progress

Housing Minister Grant Shapps has announced that the second year of cash payments under the New Homes Bonus will total over £430m, more than double the first year's payment.

Funding will be shared by 353 councils for helping to deliver nearly 159,000 homes last year - either new homes or empty properties brought back into use - and from a second round of payments for homes built the year before.

Council tax raised from new homes is matched by the Government for the first six years, and affordable homes attract a higher payment.

This year's larger payment includes £210m for new and empty homes delivered in 2010 -11, a second instalment of almost £200m for homes built in 2009 -10, and the first premium for affordable homes totalling some £20m.

The minister said: "For years communities fought against development because they saw no evidence of how it improved their lives. But there is a culture shift taking place across the country - communities that are going for growth are reaping rewards for their local area, and councillors can now lead a mature debate about the benefits of development.”

View further information on the bonus, including the first “New Homes Bonus Bulletin —Unlocking the Bonus”.

Roger Milne

15 December 2011