Written Question·Ministry of Housing, Communities and Local Government·UIN 5711
Local Government: Borrowing
Tabled: 12 September 2024
Answered: 10 October 2024
Named DayQuestion
Helen Morgan
Liberal Democrat — North Shropshire
To ask the Secretary of State for Housing, Communities and Local Government, what assessment she has made of the potential merits of allowing Councils to borrow from the Public Works Loan Board at discounted rates in order to build homes for social rent.
Answer
Matthew PennycookLocal authorities already have access to a preferential rate from the Public Works Loans Board to support housebuilding in the Housing Revenue Account. The preferential rate of gilts +0.4% is available until June 2025. The Government is committed to suppo...
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