Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, with reference to paragraph 5.59, page 74 of the Spring Budget 2024, what his Department's (a) selection criteria and (b) rationale were for identifying Canary Wharf as the recipient hub of investment over other life sciences hubs.

As the Government’s housing and regeneration agency, Homes England is tasked with accelerating house building and regeneration in all areas of the country. The brownfield regeneration scheme being supported at Canary Wharf includes over 500 homes in an area of high demand, responding to significant local need.

The Home Building Fund – Infrastructure Loans (HBF-IL) programme which supports this scheme provides infrastructure loans for mixed-use developments throughout England. Details of selection criteria can be found here: https://www.gov.uk/guidance/home-building-fund-infrastructure-loans.