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800945

	registered interest
	date	05/12/2017
	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	Shared Ownership Schemes
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Communities and Local Government, what steps he is taking to ensure that there is adequate private investment in shared ownership accommodation.
	tabling member constituency	Harborough
	tabling member printed	Neil O'Brien
	uin	117504
	answer	answer is ministerial correction date of answer 14/12/2017 answer text <p>We believe that Shared Ownership has an important role to play as part of a diverse and thriving housing market and since 2010 around 54,000 new Shared Ownership homes have been delivered.</p><p>We continue to work with the sector and lenders to ensure that Shared Ownership continues to be attractive to investment and have made a number of changes to support this, including expanding the Affordable Homes Programme from £7 billion to over £9 billion, standardising eligibility for buyers and extending funding for development to private providers.</p><p> </p><p> </p> answering member constituency Reading West answering member printed Alok Sharma question first answered 14/12/2017 17:04:57 answering member 4014 label Biography information for Sir Alok Sharma
	tabling member	4679 label Biography information for Neil O'Brien

800947

	registered interest
	date	05/12/2017
	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	Local Government: Pension Funds
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Communities and Local Government, what steps he is taking to ensure that local government pension funds can invest in areas such as new build shared ownership.
	tabling member constituency	Harborough
	tabling member printed	Neil O'Brien
	uin	117506
	answer	answer is ministerial correction date of answer 18/12/2017 answer text <p>Under the Investment Regulations 2016, administering authorities in the Local Government Pension Scheme are no longer constrained by central prescription on how their assets are invested provided investments are in the best interests of scheme members. They now have much greater freedom to invest, subject to local democratic control and appropriate safeguards, and significant investment in new housing has already been made.</p><p>Our Housing White Paper encourages further investment more widely in housing, including shared ownership, through creating a stable financial environment in which to invest.</p><p>As a result, pension schemes are increasingly regarding housing as an appropriate investment. The pooling of local government pension funds will increase opportunities for their assets to be used to support infrastructure projects, including housing. This could generate promising returns for scheme members while maintaining value for money for national and local taxpayers.</p> answering member constituency Reading West answering member printed Alok Sharma question first answered 18/12/2017 11:53:55 answering member 4014 label Biography information for Sir Alok Sharma
	tabling member	4679 label Biography information for Neil O'Brien