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Taxation: Housing

Volume 491: debated on Monday 27 April 2009

To ask the Chancellor of the Exchequer how much of the £400 million of funding to stimulate housing development referred to on page 105 of the Budget 2009 Red Book will be allocated to each objective referred to on that page. (271492)

Budget 2009 announced £400 million in funding to unlock currently stalled housing developments in England. The funding will be allocated via a competitive bidding process, which will be open to all developers. The precise amount of additional funding for each component will depend on the sites that come forward from developers. The Homes and Communities Agency will set out criteria for bids shortly.