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167939

registered interest
date	04/12/2014
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
hansard heading	Private Rented Housing: Construction
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, how many homes have been completed as a result of the private renting component of the Housing Bond Guarantee Scheme.
tabling member constituency	Wolverhampton North East
tabling member printed	Emma Reynolds
uin	217194
answer	answer is ministerial correction date of answer 17/03/2015 answer text <p>I refer the hon. Member to the Written Ministerial Statement of 16 March 2015, HCWS413.</p> answering member constituency Great Yarmouth answering member printed Brandon Lewis grouped question UIN 217185 217196 question first answered 17/03/2015 16:43:13 answering member 4009 label Biography information for Sir Brandon Lewis previous answer version 32531 answering member constituency Great Yarmouth answering member printed Brandon Lewis answering member 4009 label Biography information for Sir Brandon Lewis
tabling member	4077 label Biography information for Emma Reynolds

167942

registered interest
date	04/12/2014
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
hansard heading	Private Rented Housing: Construction
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, how many applications under the Build to Rent scheme have been (a) received, (b) accepted and (c) refused from (i) private developers, (ii) housing associations, (iii) housing co-operatives, (iv) local authorities and (v) other entities.
tabling member constituency	Wolverhampton North East
tabling member printed	Emma Reynolds
uin	217181
answer	answer is ministerial correction date of answer 23/02/2015 answer text <p>The Build to Rent fund provides development finance to support the creation of a purpose-built private rented sector, backed by institutional private investment. The fund offers finance on a commercial basis, with returns to Government being realised upon refinancing or sale of a developer’s interest to an institutional investor. The fund is market- led and the response has been strong.</p><p> </p><p>In the first round, the Homes and Communities Agency shortlisted 43 bids: 22 were approved subject to conditions being met (4 registered providers, 2 public limited companies, 12 private companies, 4 others); 16 bids were withdrawn during the process of scrutiny during the shortlisting; 5 bids from private companies were rejected.</p><p> </p><p>In the second round, 36 eligible bids were originally shortlisted (1 registered provider, 5 public listed companies, 26 private companies, 4 others); 3 private bids have been approved so far; the consideration of the other shortlisted bids is ongoing.</p><p> </p><p>We estimate that the Fund will this year be committed in full, and I can confirm that the programme is on course to meet our 10,000 homes target.</p><p> </p> answering member constituency Great Yarmouth answering member printed Brandon Lewis question first answered 23/02/2015 16:54:54 answering member 4009 label Biography information for Sir Brandon Lewis
tabling member	4077 label Biography information for Emma Reynolds

167943

registered interest
date	04/12/2014
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
hansard heading	Private Rented Housing: Construction
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, how many of the properties built under the Build to Rent scheme to date are (a) affordable, (b) social and (c) market rents.
tabling member constituency	Wolverhampton North East
tabling member printed	Emma Reynolds
uin	217182
answer	answer is ministerial correction date of answer 16/12/2014 answer text <p>As has been explained to the hon. Member in the answer to her identical question of 8 January 2014, <em>Official Report</em>, Column 257W, the Build to Rent fund is providing development finance to help support new homes in the private rented sector at market rent.</p><p> </p> answering member constituency Great Yarmouth answering member printed Brandon Lewis question first answered 16/12/2014 17:20:42 answering member 4009 label Biography information for Sir Brandon Lewis
tabling member	4077 label Biography information for Emma Reynolds

167944

registered interest
date	04/12/2014
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
hansard heading	Private Rented Housing: Construction
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, how many bids for funding the Government has received for the private renting component of the Housing Bond Guarantee Scheme.
tabling member constituency	Wolverhampton North East
tabling member printed	Emma Reynolds
uin	217196
answer	answer is ministerial correction date of answer 17/03/2015 answer text <p>I refer the hon. Member to the Written Ministerial Statement of 16 March 2015, HCWS413.</p> answering member constituency Great Yarmouth answering member printed Brandon Lewis grouped question UIN 217185 217194 question first answered 17/03/2015 16:43:13 answering member 4009 label Biography information for Sir Brandon Lewis previous answer version 32534 answering member constituency Great Yarmouth answering member printed Brandon Lewis answering member 4009 label Biography information for Sir Brandon Lewis
tabling member	4077 label Biography information for Emma Reynolds

167978

registered interest
date	04/12/2014
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
hansard heading	Private Rented Housing: Construction
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, what funds his Department has allocated to the Build to Rent scheme; and how much has been lent under that scheme to date.
tabling member constituency	Wolverhampton North East
tabling member printed	Emma Reynolds
uin	217219
answer	answer is ministerial correction date of answer 23/01/2015 answer text <p>The Build to Rent fund provides development finance to support the creation of a purpose-built private rented sector, backed by institutional investment. The fund is market- led and the response has been strong.</p><p> </p><p>By December 2014, contracts to the value of £177 million had been agreed, to deliver over 2,000 homes. Almost 600 homes had already started on five schemes, with 129 completions at this very early stage in the programme.</p><p> </p><p>By March 2015, we estimate contracts will have been agreed up to the value of £819 million, delivering over 8,300 homes, followed by up to a further £246 million worth of deals (for over 2,100 homes) to be agreed during 2015.</p><p><br><br>We estimate that the Fund will this year be committed in full, and I can confirm that the programme is on course to meet our 10,000 homes target.</p><p> </p><p>The hon. Member will no doubt try to nit-pick with the success of this novel and ground-breaking scheme, given the Labour Party seeks to oppose every single scheme we have to build new homes. But I would observe that the Labour Party’s plans for excessive red tape and new regulation on the private rented sector would scare away institutional investment and cut spending on new build rented homes.</p> answering member constituency Great Yarmouth answering member printed Brandon Lewis grouped question UIN 217220 question first answered 23/01/2015 14:03:35 answering member 4009 label Biography information for Sir Brandon Lewis
tabling member	4077 label Biography information for Emma Reynolds

167979

registered interest
date	04/12/2014
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
hansard heading	Private Rented Housing: Construction
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, how many (a) developments and (b) homes have (i) been started and (ii) been completed under the Build to Rent scheme since the start of that scheme.
tabling member constituency	Wolverhampton North East
tabling member printed	Emma Reynolds
uin	217220
answer	answer is ministerial correction date of answer 23/01/2015 answer text <p>The Build to Rent fund provides development finance to support the creation of a purpose-built private rented sector, backed by institutional investment. The fund is market- led and the response has been strong.</p><p> </p><p>By December 2014, contracts to the value of £177 million had been agreed, to deliver over 2,000 homes. Almost 600 homes had already started on five schemes, with 129 completions at this very early stage in the programme.</p><p> </p><p>By March 2015, we estimate contracts will have been agreed up to the value of £819 million, delivering over 8,300 homes, followed by up to a further £246 million worth of deals (for over 2,100 homes) to be agreed during 2015.</p><p><br><br>We estimate that the Fund will this year be committed in full, and I can confirm that the programme is on course to meet our 10,000 homes target.</p><p> </p><p>The hon. Member will no doubt try to nit-pick with the success of this novel and ground-breaking scheme, given the Labour Party seeks to oppose every single scheme we have to build new homes. But I would observe that the Labour Party’s plans for excessive red tape and new regulation on the private rented sector would scare away institutional investment and cut spending on new build rented homes.</p> answering member constituency Great Yarmouth answering member printed Brandon Lewis grouped question UIN 217219 question first answered 23/01/2015 14:03:35 answering member 4009 label Biography information for Sir Brandon Lewis
tabling member	4077 label Biography information for Emma Reynolds

167982

registered interest
date	04/12/2014
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
hansard heading	Private Rented Housing: Construction
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Communities and Local Government, how many bids his Department has received to manage the private renting component of the Housing Bond Guarantee scheme.
tabling member constituency	Wolverhampton North East
tabling member printed	Emma Reynolds
uin	217185
answer	answer is ministerial correction date of answer 17/03/2015 answer text <p>I refer the hon. Member to the Written Ministerial Statement of 16 March 2015, HCWS413.</p> answering member constituency Great Yarmouth answering member printed Brandon Lewis grouped question UIN 217194 217196 question first answered 17/03/2015 16:43:13 answering member 4009 label Biography information for Sir Brandon Lewis
tabling member	4077 label Biography information for Emma Reynolds