Matthew Pennycook

Matthew Pennycook

Labour — Greenwich and Woolwich

Speaking in the House of Commons on 3 March 2025

Debate

Social Housing

Contribution

I am aware of several schemes in my hon. Friend’s constituency that are having viability issues. Financial support is indeed available. While the £500 million of new in-year funding for the affordable homes programme announced at the Budget is already oversubscribed as a result of significant demand from housing providers across the country, the further allocation of £300 million, which we announced last month, will help ensure that more social and affordable homes are delivered. In the case that my hon. Friend describes, I would encourage both his local authority and local social housing providers to bid for that money.

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