Regeneration: Finance
Question
Wendy Morton
To ask the Secretary of State for Housing, Communities and Local Government, how much funding her Department plans to provide for brownfield remediation in the (a) 2025-26 and (b) 2026-27 financial year.
Answer
Matthew PennycookThe government is making available over £1.8bn of grant funding for land and infrastructure in 2025/26.
We will launch the National Housing Delivery Fund in 2026/27. Its c.£5bn of capital grant funding will be available across the four financial years from 2026/27 to 2029/30.
As per the Written Ministerial Statement I made on 18 June 2025 (HCWS712), we are also intend to establish a new, permanent National Housing Bank to act as the government’s investment arm.
We also intend to establish a new, permanent National Housing Bank to act as the government’s investment arm. The Bank will have an initial allocation of £16 billion of new financial capacity.