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

To ask the Secretary of State for Housing, Communities and Local Government, what funding her Department has provided to Greater Manchester Combined Authority's Housing Investment Loans Fund; and whether (a) guidance and (b) conditions were attached to that funding.

The Ministry of Housing, Communities and Local Government (MHCLG) provided Greater Manchester Combined Authority (GMCA) with a £300m Housing Investment Loan Fund in 2015, as part of its devolution deal.

The requirements of the fund, including the conditions, are set out in a Facility Agreement – executed as a deed – between MHCLG and GMCA. Summaries of how the fund operates are publicly available at gov.uk https://democracy.manchester.gov.uk/Data/Executive/20150318/Agenda/21_GMHousingInvestmentFund_2.pdf and https://democracy.greatermanchester-ca.gov.uk/mgConvert2PDF.aspx?ID=34289

On 17 June 2025 we announced that the fund will be extended to deliver thousands of new homes over the next ten years.