Consultation outcome

New Homes Bonus and the Local Growth Fund: technical consultation

From:: Ministry of Housing, Communities & Local Government
Published: 25 July 2013
Last updated: 1 May 2014 — See all updates

Applies to England

Download the full outcome

New Homes Bonus and the Local Growth Fund: summary of responses to consultations

Ref: ISBN 9781409842231

PDF, 91.4 KB, 19 pages

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Detail of outcome

Between July and September 2013 the government consulted on a proposal to pool the New Homes Bonus as a part of the Local Growth Fund. This document is the formal response to that consultation. Pooling is now proceeding only in London, and this document details a further round of London-only engagement undertaken in support of this proposal.

Original consultation

Consultation description

The government is committed to implementing a recommendation of Lord Heseltine’s report No Stone Unturned: in pursuit of growth and introduce a Local Growth Fund.

The Local Growth Fund will total at least £2 billion in each year from 2015 to 2021 and will bring together transport, skills, and housing funding. The housing component of the Local Growth Fund will be £400 million, derived from local pooling of the New Homes Bonus.

This consultation looks at how local pooling of the New Homes Bonus can be achieved.

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