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Housing: Finance

Volume 494: debated on Wednesday 17 June 2009

To ask the Chancellor of the Exchequer how much of the package for housing announced in the 2009 Budget is to be funded from (a) bringing forward budgets from future years, (b) the Consolidated Fund, (c) public borrowing and (d) other means. (272506)

The policy decisions made at the Budget are set out in Chapter A of the Budget document. The 2009 Budget announced a £500 million fund for England to stimulate housing development in the short-term and boost capacity in the house building industry in the long term. This includes £100 million in funding for local authorities to deliver new energy efficient social housing and £400 million to unlock currently stalled housing developments. The package is funded through additional borrowing none of which has been brought forward from future budgets.