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

To ask the Secretary of State for Housing, Communities and Local Government, what assessment he has made of the build-out guarantees that will be required to secure National Housing Bank funding.

On 17 June, the government announced that it would establish a new National Housing Bank, a subsidiary of Homes England which will be publicly owned and backed with £16 billion of financial capacity to accelerate housebuilding in England.

My Department is currently working with Homes England and HM Treasury to establish the Bank, including developing its investment strategy and further details will be announced in due course.