B

Baroness Taylor of Stevenage (Lab)

Speaking in the House of Lords on 9 March 2026

Debate

Stamp Duty: Periodic Tenancies

Contribution

I am very pleased to give the House an update on the social and affordable housing programme. We have now published its prospectus, and the Government have put in £39 billion of funding to kick-start social and affordable housebuilding at scale across the country. The core objective of that new programme will be to maximise supply, with a target to deliver at least 60% of the homes under the programme at social rent. That will be around 300,000 social and affordable homes over the programme’s lifetime. We published the guidance in November 2025, and we are now calling on all registered providers to review the details confirmed and to prepare large and ambitious proposals. We want to see the social landlord sector really embrace this. The bidding process opened in February, and we look forward to receiving some good bids.

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