Asked by: Kevin Hollinrake (Conservative - Thirsk and Malton)
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Housing, Communities and Local Government, what discussions he has had with the Chancellor of the Exchequer on the redesign of the Housing Infrastructure Fund.
Answered by Christopher Pincher
We have developed a range of funding initiatives to help tackle the housing crisis and deliver new housing. Those schemes include the Housing Infrastructure Fund, which has allocated around £4 billion to support the delivery of new and improved infrastructure which will unlock up to 320,000 homes.
However, to achieve our ambitions we need to go further. That is why we announced in the Queen’s speech and as part of Budget 2020, that we will launch a new £10 billion Single Housing Infrastructure Fund (SHIF) to provide the roads, schools and GP surgeries needed to support new homes by funding the provision of strategic infrastructure and assembling land for development.
As we made clear at Budget, we will make further statements at the Spending Review.