Housing Minister, Brandon Lewis, has published the final allocations of New Homes Bonus Payments to over 350 councils in England.
The total awarded to councils since the scheme's introduction is£3.4 billion, for delivering more than 700,000 new homes and conversions, and bringing over 100,000 empty homes back into use.
Launched in 2011, it is a permanent part of the local government finance system and matches the additional council tax raised for new homes and empty homes brought back into use for 6 years.
Councils are then free to use the funding as they see fit to benefit their local area.
Minister Lewis said: "In the past councils were penalised for supporting new housebuilding – now, thanks to the New Homes Bonus, those that build are rewarded for it.
"Since the scheme's launch communities have received some £3.4 billion for delivering over 700,000 new homes, and bringing empty homes down to a record low.
"It continues to offer a clear incentive for residents to say yes to new development – on top of the powers we've given them to determine where homes get built in their area."
(CD/MH)
Time and date
CONSTRUCTION DIRECTORY
Construction News
30/01/2015
Over 350 Councils In England To Receive New Homes Bonus Payments
Latest Construction News
07/05/2024
Construction work has commenced at Cordia UK's latest project and inaugural build-to-rent (BTR) development, The Lampworks. The Birmingham-based property developer has appointed Shropshire-based construction management practice buildfifty5 to deliver the main construction works for the project in ...
07/05/2024
Wates has held a 'topping out' ceremony with Riverstone to mark the structural completion of a later living residence, Riverstone Bishops Avenue. The ceremony was attended by the Mayor of Barnet, the Barnet Education and Learning Service, Barnet & Southgate College and also BOOST, who work with ...
07/05/2024
Building work has started on a new skills centre that will help City College Norwich train more young people for careers in the construction industry. The ground has been broken at the college's Ipswich Road campus where the £4.4m building is being constructed by MJS Projects. Funding for the new ...
07/05/2024
National Grid's Viking Link has been awarded a prestigious title by the GUINNESS WORLD RECORDS™. The UK's newest electricity interconnector, which stretches for 757km to join rural Lincolnshire with Revsing in Denmark, has been named as the longest land and subsea HVDC interconnector. Members of ...
07/05/2024
Network Rail is encouraging residents in New Mills to attend an information drop-in event about urgent railway work on Thursday 9 May. Following recent emergency ground investigations, engineers have confirmed that work is required immediately to repair damage to the earth that supports the ...
07/05/2024
Ascent Homes has announced plans to double its turnover to £80 million and further increase its workforce. Having recently grown from 40 to now 70 employees it now has ambitions to take this to over 100 employees within the next year. To hit its targets, Ascent Homes will add four new sites ...
07/05/2024
Vinyl flooring has become an essential choice for children's rooms, living rooms, and hallways. Whether in your own home or a rental apartment, ...
07/05/2024
Family-run flooring experts Woodpecker Flooring are celebrating the craftsmanship that goes into their hand-finished boards with a specially curated collection. The Artisan Interiors collection showcases the handcrafted flooring created by Woodpecker’s experienced craftspeople. The three-strong ...
07/05/2024
Eclectic interiors brand Where Saints Go has launched a new seating collection inspired by timeless Scandi style. The Scandi Edit brings together five statement seats, typified by sleek lines and wooden finishes. Each seat has been handpicked for its versatility, ensuring they not only complement ...
07/05/2024
Robertson Construction Northern has appointed a new Managing Director. Ian Phillips has become the new managing director of Robertson Construction Northern. Following the retirement of Frank Reid after 43 years of service, Ian Phillips has become the Regional Managing Director of Robertson ...