Member

In the Budget, we set out a series of measures to support social housing providers to increase their capacity, confidence and motivation to invest in new and existing homes. We are providing £450 million to councils to house some of the most vulnerable in society, as well as injecting £500 million into the affordable homes programme; we are helping councils to borrow more cheaply from the Public Works Loan Board until the end of 2025-26; and we are consulting on a new five-year social rent settlement, which would allow rents to increase to provide the certainty that social housing providers need to plan for the long term.