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

To ask the Secretary of State for Housing, Communities and Local Government, if she will make an assessment of the potential impact of Housing Revenue Account borrowing on investment in council homes.

We recognise the importance of borrowing for investment in new council homes. Local authorities have access to a preferential rate from the Public Works Loans Board to support housebuilding in the Housing Revenue Account. The preferential rate of gilts +0.4% is available until June 2025. The Government is committed to supporting councils to build their capacity and invest in new social rented homes.