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

To ask the Secretary of State for Housing, Communities and Local Government, whether her Department has carried out a review of the Greater Manchester Housing Investment Loans Fund to determine whether lending decisions were made in accordance with relevant borrower concentration limits and subsidy control, valuation, monitoring surveyor, governance and external audit requirements.

My Department has not carried out a review of individual lending decisions made through the Greater Manchester Housing Investment Loan Fund against the requirements listed.

As a combined authority, Greater Manchester Combined Authority (GMCA) is subject to statutory overview and scrutiny arrangements and has separate Overview and Scrutiny and Audit Committees.

GMCA has also published details of the governance and due diligence arrangements applying specifically to the Fund.