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39612
star this property registered interest false more like this
star this property date less than 2014-02-24more like thismore than 2014-02-24
star this property answering body
Ministry of Justice more like this
star this property answering dept id 54 more like this
unstar this property answering dept short name
star this property answering dept sort name
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Justice, what criteria will be used to identify preferred bidders for probation contracts. more like this
star this property tabling member constituency Dwyfor Meirionnydd more like this
star this property tabling member printed
Mr Elfyn Llwyd more like this
star this property uin 189000 more like this
star this property answer
answer
star this property is ministerial correction false remove filter
star this property date of answer remove filter
star this property answer text <p>Under our Transforming Rehabilitation proposals we are opening up the market to a diverse range of new providers across the public, private and voluntary sectors to bring innovation to rehabilitative services and help deliver reductions in reoffending rates. We are currently engaged in a competition to appoint the 21 owners of the new Community Rehabilitation Companies (CRCs) which will be responsible for the provision of services to all but those offenders which pose the highest risk. We will assess the bids we receive over the summer, and appoint CRC owners later this year. Offers will be evaluated using quality and financial criteria. We expect the new owners to implement their new operating models during 2015.</p><p> </p><p> </p><p>We are taking a staged approach to implementation and are rolling out business readiness tests at key stages of implementation so that we can ensure we are managing the transition to the new system in a safe and measured way which maintains public protection.</p><p> </p>
star this property answering member constituency Kenilworth and Southam more like this
star this property answering member printed Jeremy Wright more like this
star this property question first answered
less than 2014-05-13T12:00:00.00Zmore like thismore than 2014-05-13T12:00:00.00Z
star this property answering member
1560
unstar this property label Biography information for Jeremy Wright more like this
star this property tabling member
549
unstar this property label Biography information for Mr Elfyn Llwyd more like this
31321
star this property registered interest false more like this
star this property date less than 2014-01-07more like thismore than 2014-01-07
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name
star this property answering dept sort name
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what discussions he has had with UKAR regarding the potential effect on customers of a rise in interest rates. more like this
star this property tabling member constituency Kilmarnock and Loudoun more like this
star this property tabling member printed
Cathy Jamieson more like this
star this property uin 182195 more like this
star this property answer
answer
star this property is ministerial correction false remove filter
star this property date of answer remove filter
star this property answer text <p>This Government's long term economic plan has kept interest rates at record lows for hardworking people across the country.</p><p> </p><p>Many lenders impose affordability stress tests on their mortgage lending decisions to ensure that the mortgage will remain affordable should interest rates rise. The Financial Conduct Authority's Mortgage Market Review rules, which came into force in April this year will require all mortgage lenders to conduct such a stress test.</p><p> </p><p>Although UKAR does not engage in new lending, UKAR runs a range of modelling scenarios to understand the potential effects of interest rate rises on customers. This work helps UKAR to identify customers who may be susceptible to higher interest rates and to engage with such customers at an early stage.</p><p> </p><p>UKAR assists all customers who wish to switch mortgage providers.</p><p> </p><p>NRAM and Bradford and Bingley are managed by UK Asset Resolution Limited (UKAR) which was established in 2010 to manage the disposal and rundown of outstanding assets at Bradford &amp; Bingley and Northern Rock Asset Management in an integrated way, with a view to creating value for the taxpayer. UKAR is managed at arm's length from Government, on commercial principles.</p><p> </p><p>It is therefore not for the Chancellor to discuss detailed commercial matters with UKAR.</p><p> </p>
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom more like this
star this property grouped question UIN 182196 more like this
star this property question first answered
less than 2014-05-13T12:00:00.00Zmore like thismore than 2014-05-13T12:00:00.00Z
star this property answering member
4117
unstar this property label Biography information for Andrea Leadsom more like this
star this property tabling member
4011
unstar this property label Biography information for Cathy Jamieson more like this
31322
star this property registered interest false more like this
star this property date less than 2014-01-07more like thismore than 2014-01-07
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name
star this property answering dept sort name
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of an interest rate rise on customers whose mortgages are held by UKAR; and what support is available to assist such customers to switch providers. more like this
star this property tabling member constituency Kilmarnock and Loudoun more like this
star this property tabling member printed
Cathy Jamieson more like this
star this property uin 182196 more like this
star this property answer
answer
star this property is ministerial correction false remove filter
star this property date of answer remove filter
star this property answer text <p>This Government's long term economic plan has kept interest rates at record lows for hardworking people across the country.</p><p> </p><p>Many lenders impose affordability stress tests on their mortgage lending decisions to ensure that the mortgage will remain affordable should interest rates rise. The Financial Conduct Authority's Mortgage Market Review rules, which came into force in April this year will require all mortgage lenders to conduct such a stress test.</p><p> </p><p>Although UKAR does not engage in new lending, UKAR runs a range of modelling scenarios to understand the potential effects of interest rate rises on customers. This work helps UKAR to identify customers who may be susceptible to higher interest rates and to engage with such customers at an early stage.</p><p> </p><p>UKAR assists all customers who wish to switch mortgage providers.</p><p> </p><p>NRAM and Bradford and Bingley are managed by UK Asset Resolution Limited (UKAR) which was established in 2010 to manage the disposal and rundown of outstanding assets at Bradford &amp; Bingley and Northern Rock Asset Management in an integrated way, with a view to creating value for the taxpayer. UKAR is managed at arm's length from Government, on commercial principles.</p><p> </p><p>It is therefore not for the Chancellor to discuss detailed commercial matters with UKAR.</p><p> </p>
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom more like this
star this property grouped question UIN 182195 more like this
star this property question first answered
less than 2014-05-13T12:00:00.00Zmore like thismore than 2014-05-13T12:00:00.00Z
star this property answering member
4117
unstar this property label Biography information for Andrea Leadsom more like this
star this property tabling member
4011
unstar this property label Biography information for Cathy Jamieson more like this
33825
star this property registered interest false more like this
star this property date less than 2014-01-20more like thismore than 2014-01-20
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name
star this property answering dept sort name
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, how many employers participated in the regional employer National Insurance contributions holiday in each region. more like this
star this property tabling member constituency Cardiff South and Penarth more like this
star this property tabling member printed
Stephen Doughty more like this
star this property uin 184094 more like this
star this property answer
answer
star this property is ministerial correction false remove filter
star this property date of answer remove filter
star this property answer text <p>This Government is committed to helping UK businesses grow and create jobs. The NICs holiday was a temporary, targeted scheme to help start ups take on new staff within their first year of trading. Although take up was lower than expected, the holiday benefitted over 26,000 businesses and supported over 90,000 jobs.</p><p> </p><p>Building on the lessons learnt from the holiday, we are taking action to reduce the employer NICs burden on small businesses and have created the new Employment Allowance which is simple to administer, permanent and available to all business and charities in the UK, this is reducing their employer NICs bill by up to £2,000 each year. As a result, 450,000 employers will pay no NICs at all in 2014-15.</p><p> </p><p>According to the latest available figures the break down of employers that applied for the National Insurance Holiday by region, throughout the scheme is as follows:</p><p> </p><table><tbody><tr><td><p><strong>Region</strong></p></td><td><p><strong>Total</strong></p></td></tr><tr><td><p><strong>Northern Ireland</strong></p></td><td><p><strong>1265</strong></p></td></tr><tr><td><p><strong>Scotland</strong></p></td><td><p><strong>3975</strong></p></td></tr><tr><td><p><strong>Wales</strong></p></td><td><p><strong>1695</strong></p></td></tr><tr><td><p><strong>East Midlands</strong></p></td><td><p><strong>2645</strong></p></td></tr><tr><td><p><strong>North East</strong></p></td><td><p><strong>1840</strong></p></td></tr><tr><td><p><strong>North West</strong></p></td><td><p><strong>4840</strong></p></td></tr><tr><td><p><strong>South West</strong></p></td><td><p><strong>3975</strong></p></td></tr><tr><td><p><strong>West Midlands</strong></p></td><td><p><strong>3100</strong></p></td></tr><tr><td><p><strong>Yorks</strong><strong>. And Humber</strong></p></td><td><p><strong>3265</strong></p></td></tr><tr><td><p><strong>Total</strong></p></td><td><p><strong>26600</strong></p></td></tr></tbody></table><p> </p><p>The NICs Holiday attracted around 26,600 applicants over a three year period. Further statistical information on the scheme is available on a factsheet at: <a href="http://www.hmrc.gov.uk/statistics/nics-hol.htm" target="_blank">http://www.hmrc.gov.uk/statistics/nics-hol.htm</a>. The factsheet only covers periods from the start of the scheme to December 2012.</p><p> </p>
star this property answering member constituency South West Hertfordshire more like this
star this property answering member printed Mr David Gauke more like this
star this property question first answered
less than 2014-05-13T12:00:00.00Zmore like thismore than 2014-05-13T12:00:00.00Z
star this property answering member
1529
unstar this property label Biography information for Mr David Gauke more like this
star this property tabling member
4264
unstar this property label Biography information for Stephen Doughty more like this
42365
star this property registered interest false more like this
star this property date less than 2014-03-11more like thismore than 2014-03-11
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name
star this property answering dept sort name
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what estimate his Department made before the 2012 Budget of the number of properties valued at more than (a) £2 million and (b) £5 million. more like this
star this property tabling member constituency Dover more like this
star this property tabling member printed
Charlie Elphicke more like this
star this property uin 191427 more like this
star this property answer
answer
star this property is ministerial correction false remove filter
star this property date of answer remove filter
star this property answer text <p>The number of residential properties in the UK valued at more than £2 million was estimated before Budget 2012 to be around 55,000.</p><p> </p><p>Before Budget 2012, an assessment of the average annual payment required from each property above £2 million in order to raise a net sum of £2 billion per annum was not made.</p><p> </p><p>On 1 July 2013, during Report stage of the Finance Bill, I referred to “a simple calculation arrived at by dividing £2 billion by 55,000 (an internal HMRC estimate of the number of properties valued at over £2 million) to give a ‘mean' average of £36,000.”</p><p> </p><p>A so-called mansion tax would depress stamp duty land tax and inheritance tax yields. The exact impact would be dependent on the rates and bands chosen.</p><p> </p> more like this
star this property answering member constituency South West Hertfordshire more like this
star this property answering member printed Mr David Gauke more like this
star this property grouped question UIN
191429 more like this
191430 more like this
star this property question first answered
less than 2014-05-13T12:00:00.00Zmore like thismore than 2014-05-13T12:00:00.00Z
star this property answering member
1529
unstar this property label Biography information for Mr David Gauke more like this
star this property tabling member
3971
unstar this property label Biography information for Charlie Elphicke more like this
42366
star this property registered interest false more like this
star this property date less than 2014-03-11more like thismore than 2014-03-11
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name
star this property answering dept sort name
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what assessment his Department made before the 2012 Budget of the average annual payment required from each property valued above £2 million in order to raise a net sum of £2 billion per annum. more like this
star this property tabling member constituency Dover more like this
star this property tabling member printed
Charlie Elphicke more like this
star this property uin 191429 more like this
star this property answer
answer
star this property is ministerial correction false remove filter
star this property date of answer remove filter
star this property answer text <p>The number of residential properties in the UK valued at more than £2 million was estimated before Budget 2012 to be around 55,000.</p><p> </p><p>Before Budget 2012, an assessment of the average annual payment required from each property above £2 million in order to raise a net sum of £2 billion per annum was not made.</p><p> </p><p>On 1 July 2013, during Report stage of the Finance Bill, I referred to “a simple calculation arrived at by dividing £2 billion by 55,000 (an internal HMRC estimate of the number of properties valued at over £2 million) to give a ‘mean' average of £36,000.”</p><p> </p><p>A so-called mansion tax would depress stamp duty land tax and inheritance tax yields. The exact impact would be dependent on the rates and bands chosen.</p><p> </p> more like this
star this property answering member constituency South West Hertfordshire more like this
star this property answering member printed Mr David Gauke more like this
star this property grouped question UIN
191427 more like this
191430 more like this
star this property question first answered
less than 2014-05-13T12:00:00.00Zmore like thismore than 2014-05-13T12:00:00.00Z
star this property answering member
1529
unstar this property label Biography information for Mr David Gauke more like this
star this property tabling member
3971
unstar this property label Biography information for Charlie Elphicke more like this
42367
star this property registered interest false more like this
star this property date less than 2014-03-11more like thismore than 2014-03-11
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name
star this property answering dept sort name
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what assessment his Department made before the 2012 Budget of the effect on stamp duty land tax and inheritance tax receipts of the introduction of a so-called mansion tax designed to raise a net sum of £2 billion per annum. more like this
star this property tabling member constituency Dover more like this
star this property tabling member printed
Charlie Elphicke more like this
star this property uin 191430 more like this
star this property answer
answer
star this property is ministerial correction false remove filter
star this property date of answer remove filter
star this property answer text <p>The number of residential properties in the UK valued at more than £2 million was estimated before Budget 2012 to be around 55,000.</p><p> </p><p>Before Budget 2012, an assessment of the average annual payment required from each property above £2 million in order to raise a net sum of £2 billion per annum was not made.</p><p> </p><p>On 1 July 2013, during Report stage of the Finance Bill, I referred to “a simple calculation arrived at by dividing £2 billion by 55,000 (an internal HMRC estimate of the number of properties valued at over £2 million) to give a ‘mean' average of £36,000.”</p><p> </p><p>A so-called mansion tax would depress stamp duty land tax and inheritance tax yields. The exact impact would be dependent on the rates and bands chosen.</p><p> </p> more like this
star this property answering member constituency South West Hertfordshire more like this
star this property answering member printed Mr David Gauke more like this
star this property grouped question UIN
191427 more like this
191429 more like this
star this property question first answered
less than 2014-05-13T12:00:00.00Zmore like thismore than 2014-05-13T12:00:00.00Z
star this property answering member
1529
unstar this property label Biography information for Mr David Gauke more like this
star this property tabling member
3971
unstar this property label Biography information for Charlie Elphicke more like this
42710
star this property registered interest false more like this
star this property date less than 2014-03-12more like thismore than 2014-03-12
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name
star this property answering dept sort name
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, if he will estimate the potential cost to the public purse of raising the income tax personal allowance for 2014-15 from £10,000, (a) £10,550, (b) £11,000, (c) £11,500, (d) £12,000, (e) £12,500 and (f) £13,000. more like this
star this property tabling member constituency Bury St Edmunds more like this
star this property tabling member printed
Mr David Ruffley more like this
star this property uin 191880 more like this
star this property answer
answer
star this property is ministerial correction false remove filter
star this property date of answer remove filter
star this property answer text <p>The cost of raising the income tax personal allowance may be approximated using the “Direct effects of illustrative tax changes” table as published on the internet at the following address:</p><p> </p><p><a href="https://www.gov.uk/government/publications/direct-effects-of-illustrative-tax-changes" target="_blank">https://www.gov.uk/government/publications/direct-effects-of-illustrative-tax-changes</a></p><p> </p><p> </p> more like this
star this property answering member constituency South West Hertfordshire more like this
star this property answering member printed Mr David Gauke more like this
star this property question first answered
less than 2014-05-13T12:00:00.00Zmore like thismore than 2014-05-13T12:00:00.00Z
star this property answering member
1529
unstar this property label Biography information for Mr David Gauke more like this
star this property tabling member
133
unstar this property label Biography information for Mr David Ruffley more like this
50274
star this property registered interest false more like this
star this property date less than 2014-05-07more like thismore than 2014-05-07
star this property answering body
Leader of the House of Lords more like this
star this property answering dept id 92 more like this
unstar this property answering dept short name
star this property answering dept sort name Leader of the House of Lords more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask the Leader of the House, in the light of the answers on 6 May to written questions tabled by Lord Mendelsohn, what steps he will take to ensure that the replies to written questions answer the question which was put as fully as possible. more like this
star this property tabling member printed
Lord Jopling more like this
star this property uin HL6992 more like this
star this property answer
answer
star this property is ministerial correction false remove filter
star this property date of answer remove filter
star this property answer text <p>As Leader of the House, I have a particular responsibility to encourage departments to be punctual in answering written questions, but the content of each answer is a matter for the minister concerned. The Ministerial Code says that “Ministers should be as open as possible with Parliament and the public, refusing to provide information only when disclosure would not be in the public interest”.</p> more like this
star this property answering member printed Lord Hill of Oareford more like this
star this property question first answered
less than 2014-05-13T12:00:00.00Zmore like thismore than 2014-05-13T12:00:00.00Z
star this property answering member
4144
unstar this property label Biography information for Lord Hill of Oareford more like this
star this property tabling member
883
unstar this property label Biography information for Lord Jopling more like this
33630
star this property registered interest false more like this
star this property date less than 2014-01-16more like thismore than 2014-01-16
star this property answering body
Department for Communities and Local Government more like this
star this property answering dept id 7 more like this
unstar this property answering dept short name
star this property answering dept sort name
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Communities and Local Government, what progress has been made on plans to increase house building by 2030. more like this
star this property tabling member constituency Redditch more like this
star this property tabling member printed
Karen Lumley more like this
star this property uin 183915 more like this
star this property answer
answer
star this property is ministerial correction false remove filter
star this property date of answer remove filter
star this property answer text <p> </p><p><em>[Holding Reply: Thursday 23 January 2014]</em></p><p>The Government does not have a Whitehall building target. The last Administration had a state target to increase house building to 240,000 dwellings a year, yet house building then fell to its lowest peacetime rate since the 1920s.</p><p>By contrast, the Coalition Government has put in place a range of measures to get Britain building again, fix the broken housing market and help hard-working people get the home they want.</p><p>Action taken includes wide-ranging planning reform through National Planning Policy Framework; new incentives to deliver housing growth through the New Homes Bonus; as well as the Government's broader long-term economic plan to tackle the deficit left by the last Administration and keep interest rates down. I would note:</p><p>· We have already delivered 420,000 new homes since 2010.</p><p>· New orders in residential construction have risen to their highest level since 2007 according to the Office for National Statistics;</p><p>· Housing starts are at their highest since 2007 according to DCLG figures;</p><p>· The number of first time buyers is at its highest since 2007 according to the Council for Mortgage Lenders;</p><p>· Repossessions are at their lowest since 2007, according to the Council for Mortgage Lenders; and</p><p>· New home registrations rose by 30 per cent in 2013 in England, the highest since 2007, and are up 60 per cent in London, according to the NHBC.</p><p>In relation to specific programmes:</p><p><em>Affordable housing</em></p><p>170,000 affordable homes have been delivered in England since April 2010.</p><p>Our Affordable Homes Programme will deliver 170,000 homes over the current spending review period (2011-2015) levering in £19.5 billion of public and private funding. We have announced a new ‘Affordable Rent to Buy' scheme which will deliver affordable homes through a recoverable fund. We have also published details of a new Affordable Homes Programme for the next spending period, which will lever in up to £23 billion in public and private funding to deliver 165,000 homes from 2015 to 2018.</p><p>The Affordable Housing Guarantee Scheme is worth up to £3.5 billion (with further lending capacity held in reserve according to demand) and supported by up to £450 million grant funding in England. Up to 30,000 additional affordable homes will be underway by December 2017. Affordable Housing Finance Plc was awarded the licence for the Affordable Housing Guarantee Scheme in June 2013. The first eight housing associations to be approved to borrow through the scheme were announced in January 2014, who will raise over £400 million of debt to facilitate the delivery of over 4,000 new affordable homes. We also announced a European Investment Bank loan facility worth £500 million. More borrowers will follow.</p><p>The Right to Buy Scheme, allowing eligible social tenants to buy their homes at a discount has achieved almost 24,000 sales since April 2010, with the majority (16,200) since we reinvigorated the scheme in 2012. A total of 2,845 council properties were sold between October and December last year, a 42 per cent increase on the same period in 2012. The reinvigorated Right to Buy ensures, for the first time, that the receipts from the additional sales, that is those over what was forecast prior to the change, are reinvested in helping to fund new homes for affordable rent. So far, £300 million has been generated from additional sales and already over 2,000 homes have been started on site or acquired since April 2012.</p><p><em>Home ownership schemes (Help to Buy)</em></p><p>Since April 2013, the Help to Buy: Equity Loan scheme has offered buyers a 20 per cent equity loan that can be used towards the cost of buying a new build homes, allowing people to buy with a 5 per cent deposit. There were over 30,000 reservations and 19,394 completed loans across England by the end of March 2014, with funding for up to 74,000 sales by March 2016. Alongside this, the Help to Buy: NewBuy scheme has so far supported a further 5,173 households purchase new build homes by the end of March 2014. The Help to Buy: Equity Loan scheme was extended through the 2014 Budget announcement to 2020 to help 120,000 more households purchase a new build home.</p><p>The FirstBuy scheme was announced in the Budget 2011 to help support 10,000 first time buyers on the property ladder. The scheme was replaced in April 2013 with Help to Buy. There were 11,590 FirstBuy sales to the end of March 2014.</p><p>Since the end of last year, the Help to Buy: Mortgage Guarantee scheme is providing up to £12 billion of Government guarantees to support people to buy with a 5 per cent deposit, and over 2,500 homes have so far (by the end of January 2014) been brought through this route, and has helped lower interest rates for those with smaller deposits. The three Help to Buy schemes complement each other, and their success can be taken in the whole.</p><p><em>Private rented sector</em></p><p>The £1 billion Build to Rent programme, which provides development phase finance, is supporting new high quality development purpose built for private rent and is on track to create up to 10,000 new homes. The programme received £1.4 billion of bids under Round One, which is expected to support 15 developments which will provide over 2,600 homes across England in locations which include Durham, Liverpool, Manchester and London. Five contracts to the combined value of over £74.5 million have already been agreed which will deliver over 1,000 new homes for private rent; construction has already started in Southampton (Centenary Quay) and Manchester (Three Towers); more contracts will follow.</p><p>Bidding for Round Two of the Build to Rent Fund was significantly oversubscribed receiving 126 bids to the value of around £3 billion. 36 projects on the shortlist from Round Two are now going through a competitive due diligence process, with successful bids receiving funding to deliver thousands of new homes. A list of all shortlisted bids has been placed in the Library of the House. The shortlist is over-programmed, meaning not all shortlisted projects will receive funding. Shortlisting and due diligence are the first stages of the Build to Rent approval process. The Homes and Communities Agency will continue to work with bidders until exchange of contracts in order to ensure value for money for taxpayers.</p><p>In addition to direct funding, the Government's Private Rented Sector Taskforce is continuing to build the private rented sector as an investment market and have identified £10 billion of domestic and foreign investment available in the private rented sector.</p><p>The Private Rented Sector Guarantees scheme will provide a government guarantee for up to £3.5 billion debt (with further lending capacity held in reserve according to demand) for borrowers investing in new build private rented sector homes across the UK. The guarantees will use the UK Government's hard earned fiscal credibility to help lower the cost of borrowing and incentivise investment in the sector. DCLG is open for business to issue direct guarantees and is actively discussing potential applications with a number of borrowers looking to invest in large scale developments. On 18 March, we also launched a procurement inviting bids from the market to be our delivery partner for Private Rented Sector Housing Debt Guarantees, with the aim of maximizing take up of guarantees including for small and medium enterprises. My Department will be evaluating bids to perform the role in due course.</p><p><em>Infrastructure and development finance</em></p><p>The Get Britain Building investment fund has been provided over £500 million of finance to unlock smaller stalled sites. As at February 2014, it has helped kick start 11,893 new homes on stalled sites.</p><p>The Growing Places Fund is providing £770 million to deliver the infrastructure needed to unlock stalled schemes that will promoted economic growth, create jobs and build homes. The fund has been fully allocated to Local Enterprise Partnerships and the devolved administrations to fund local projects. Progress updates in June 2013 reported that £652 million of capital funding had been allocated to 305 projects across England. Local Enterprise Partnerships expect these projects to create 4,900 businesses, 94,000 jobs and 27,000 houses. A further update will be published in due course.</p><p>The £474 million Local Infrastructure Fund is helping to unlock large scale housing developments. To date, we have unlocked 15 sites capable of delivering almost 80,000 homes through a combination of financial and non-financial support. We are currently working to unlock a further 13 stalled schemes to deliver up to 40,000 new homes. In addition to the capital investment, we have made available £13 million of capacity funding to support local authorities in fulfilling their local housing ambitions.</p><p>The 2013 Autumn Statement also announced a further £1 billion to unlock development on large housing sites and a Prospectus inviting bids was published on 14 April. During the Easter Recess, we also published the Local Growth Fund (Housing Infrastructure) prospectus. This sets out the detail on how to access the £50 million part of the Local Growth Fund in 2015-16. It is designed to help speed up and restart housing developments between 250 and 1,499 units that have slowed down or stalled.</p><p>The 2014 Budget announced further funding for driving up housing supply including a £525 million Builders Finance Fund to provide development finance for small sites to support the construction of 15,000 new homes; the prospectus has also recently been published.</p><p>The Budget announced the intention to create an Urban Development Corporation for the Ebbsfleet area to accelerate the construction of a garden-city style development which will unlock up to 15,000 homes – with up to £200 million capital being made available. We have also published a prospectus to support further locally-led garden cities.</p><p>A new Estate Regeneration Fund of £150 million of recoverable investment will help kick start and accelerate the regeneration of some of our most deprived estates. And we will work with the Greater London Authority to support the regeneration of Brent Cross and unlock 11,000 homes at Barking Riverside.</p><p>We have also taken steps to scale back economically unrealistic Section 106 agreements, such as from the last Administration's housing bubble, which result in no housing development, no regeneration and no community benefits.</p><p><em>Self-build</em></p><p>The £30 million investment fund for Custom Build Homes is currently assessing loan funding of £22.6 million with the potential to deliver 270 units. At the 2014 Budget, we announced that the Government will consult on a new ‘Right to Build' to give self builders a right to a plot from councils, a new £150 million investment fund to help provide up to 10,000 service plots, and announced will we look to extend Help to Buy equity to custom build. We have also exempted self-build from the Community Infrastructure Levy and we are consulting on a similar policy change for Section 106 tariffs.</p><p><em>Empty homes</em></p><p>This Government has provided £235 million of funding which aims to bring up to 12,000 homes back into use by March 2015. This is part of a wider package of measures to get empty homes and empty buildings back into productive use, in contrast to the last Administration's policy of wholesale demolition. The numbers of empty properties in England have fallen to a 10-year low, and the number of long-term vacant properties has fallen by around a third since 2009.</p><p><em>Public sector land</em></p><p>The Public Sector Land Programme has identified land with capacity for over 100,000 homes which we aim to release to the private sector by March 2015. At the end of December 2013, we had released land capable of delivering 68,000 homes to be built.</p><p>Through the Strategic Land and Property Review we have identified scope to generate £5 billion of receipts from government land and property between 2015 and 2020. This will put land and property into the hands of those who can exploit them for commercial purposes – creating opportunities for housing and economic development.</p><p>This was part of a series of measures to support brownfield development, as outlined in more detail in the answer of 3 April 2014, <em>Official Report</em>, Column 780W.</p><p>There is more to do, but I hope this illustrates how this Government's long-term economic plan is helping build more houses, help people move on and up the housing ladder and clean up the mess left by the last Administration.</p><p> </p>
star this property answering member constituency Keighley more like this
star this property answering member printed Kris Hopkins more like this
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less than 2014-05-13T12:00:00.00Zmore like thismore than 2014-05-13T12:00:00.00Z
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unstar this property label Biography information for Kris Hopkins more like this
star this property tabling member
4023
unstar this property label Biography information for Karen Lumley more like this