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44617

	registered interest
	date	24/03/2014
	answering body	Department for Communities and Local Government
	answering dept id	7
	answering dept short name	Communities and Local Government
	answering dept sort name	Communities and Local Government
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to encourage local authority pension schemes to take into account environmental, social and governance factors in their decisions.
	tabling member printed	Lord Harrison
	uin	HL6274
	answer	answer is ministerial correction date of answer 03/04/2014 answer text <p>These issues are matters for individual local authorities that administer pension funds to consider when deciding upon their investment strategies. Each administering authority is required to publish a statement of principles, which may address such issues. Statutory guidance states that the authority must report periodically to scheme members on the implementation of their policies.</p><p>Notwithstanding, local authorities need to focus on delivering a good rate of return for their fund and value for taxpayers, given local government pensions cost taxpayers (via employer contributions) almost £6 billion a year.</p> answering member printed Baroness Stowell of Beeston question first answered 03/04/2014 12:00:00 answering member 4205 label Biography information for Baroness Stowell of Beeston
	tabling member	2488 label Biography information for Lord Harrison

44896

	registered interest
	date	25/03/2014
	answering body	Department for Communities and Local Government
	answering dept id	7
	answering dept short name	Communities and Local Government
	answering dept sort name	Communities and Local Government
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the amount of surplus public land sold so far to support housebuilding and development.
	tabling member printed	Baroness Seccombe
	uin	HL6299
	answer	answer is ministerial correction date of answer 07/04/2014 answer text <p>The Government has taken action to free up land for productive economic use. At the end of December 2013, the Public Sector Land Programme had sold surplus Government owned land capable of delivering over 68,000 homes in England as part of our ambition to dispose of surplus land with capacity for 100,000 homes by 2015. And through the recently concluded Strategic Land and Property Review the Government has identified scope to release £5 billion from its land and property between 2015 and 2020, creating opportunities for housing and economic development.The Government will look to quantify the housing and growth ambitions for this new programme by the time of the Autumn Statement.</p><p> </p> answering member printed Baroness Stowell of Beeston question first answered 07/04/2014 12:00:00 answering member 4205 label Biography information for Baroness Stowell of Beeston
	tabling member	2097 label Biography information for Baroness Seccombe

44590

	registered interest
	date	24/03/2014
	answering body	Department for Communities and Local Government
	answering dept id	7
	answering dept short name	Communities and Local Government
	answering dept sort name	Communities and Local Government
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made about the number of off-plan and readily available houses that are purchased by foreign investors.
	tabling member printed	Lord Bradshaw
	uin	HL6247
	answer	answer is ministerial correction date of answer 07/04/2014 answer text <p>The Department does not collect information on the number of foreign buyers of new build properties.</p><p>However, publicly available research has looked at the influence ‘international buyers' have in the new build market in London. Savills suggest of an estimated 97,000 Greater London sales in 2012 (which includes existing property), only 750 were “prime new build sales to international second home buyers”. An estimated 3,000 were for investment in lettings, and therefore available to UK residents as tenants.</p><p>(<a href="http://pdf.euro.savills.co.uk/residential---other/spot-worldlondon-lr.pdf" target="_blank">http://pdf.euro.savills.co.uk/residential---other/spot-worldlondon-lr.pdf</a>)</p><p>Knight Frank (October 2013) found that between 85 and 90 per cent of new build purchases in Greater London over the last two years went to UK residents. They note that “Our research points to the fact that the majority of demand for new-build property in London from overseas remains focussed on the relatively small and concentrated market made up of the central London postcodes.”</p><p>(<a href="http://resources.knightfrank.com/GetResearchResource.ashx?versionid=2017&amp;type=1" target="_blank">http://resources.knightfrank.com/GetResearchResource.ashx?versionid=2017&amp;type=1</a>)</p><p>I would also refer the noble Lord to my reply to him of 1 April 2014, <em>Official Report</em>, columns WA179-180.</p> answering member printed Baroness Stowell of Beeston question first answered 07/04/2014 12:00:00 answering member 4205 label Biography information for Baroness Stowell of Beeston
	tabling member	2483 label Biography information for Lord Bradshaw