Consultation outcome

New Homes Bonus and the Local Growth Fund: technical consultation

From:: Ministry of Housing, Communities & Local Government (2018 to 2021)
Published: 25 July 2013
Last updated: 1 May 2014 — See all updates

Applies to England

Read the full outcome

New Homes Bonus and the Local Growth Fund: summary of responses to consultations

Ref: ISBN 9781409842231

PDF, 91.4 KB, 19 pages

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Detail of outcome

Between July and September 2013 the government consulted on a proposal to pool the New Homes Bonus as a part of the Local Growth Fund. This document is the formal response to that consultation. Pooling is now proceeding only in London, and this document details a further round of London-only engagement undertaken in support of this proposal.

Original consultation

Summary

Technical consultation on how local pooling of the New Homes Bonus can be achieved.

This consultation ran from
25 July 2013 to 11:45pm on 19 September 2013

Consultation description

The government is committed to implementing a recommendation of Lord Heseltine’s report No Stone Unturned: in pursuit of growth and introduce a Local Growth Fund.

The Local Growth Fund will total at least £2 billion in each year from 2015 to 2021 and will bring together transport, skills, and housing funding. The housing component of the Local Growth Fund will be £400 million, derived from local pooling of the New Homes Bonus.

This consultation looks at how local pooling of the New Homes Bonus can be achieved.

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