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Private Rented Sector

Volume 571: debated on Monday 25 November 2013

18. What steps he is taking to encourage the delivery of more private rented sector accommodation. (901215)

This Government are committed to a bigger and better private rented sector which is why, following the Montague review, we have put in place the £1 billion build to rent fund and the £10 billion housing guarantee schemes, to deliver the rented sector that my hon. Friend supports.

Many of my constituents enjoy the flexibility of living in the private rented sector, but if we are to keep the cost of renting down and ensure that those who want to rent a home can do so, action needs to be taken to increase supply. Does the Minister agree that initiatives from this Government, such as the Build to Rent fund and the Montague report, will ensure the provision of much-needed private rented homes?

I completely agree with my hon. Friend’s point. It is important that we expand the rented housing sector, and we are doing so. The huge amount of money that we have put in—bearing in mind the limited resources that this Government have to spend—is bringing dividends. We have 14 applications at the moment, which will deliver 2,800 extra houses. I look forward to visiting his constituency in the near future, where I hope to see some of those new houses.