ECONOMIC GROWTH

Cash boost for councils in latest NHB funding

Local authorities are set to receive more than double the amount in New Homes Bonus payments for 2012-13.

Local authorities are set to receive more than double the amount in New Homes Bonus payments for 2012-13, release of the latest Government figures indicate.

Provisional allocations for 2012-13 will see 353 local authorities share a total of £431m for delivering 159,000 homes last year, including £232m for properties built or brought back into use during 2010/11 and a £21m premium payment for affordable homes.

Popular articles by Luke Barras-Hill

SUBSCRIBE TO CONTINUE READING

Get unlimited access to The MJ with a subscription, plus a weekly copy of The MJ magazine sent directly to you door and inbox.

Subscribe

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

Login

Already a subscriber?