Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, whether the Government funding announcement to establish a new National Housing Bank (£16 billion) will be allocated to the Devolved Administrations via the Barnett formula.

The National Housing Bank provides loans, equity investment and guarantees to support housing delivery and regeneration across England.

Devolved governments receive an aggregate Financial Transactions allocation as part of the block grant. Between 2026-27 and 2029-30, the devolved governments will receive £2.3 billion in FT capital, including an additional £1.0 billion through the operation of the Barnett formula.