Audit office criticises New Homes Bonus

May 1, 2013
The New Homes Bonus scheme is not working effectively according to the National Audit Office (NAO).<br> <br> The scheme is designed to reward local authorities for accepting housebuilding in their area, but NAO said that the Department for Communities and Local Government (DCLG) had not been properly monitoring the £1.3 billion New Homes Bonus to be paid to local authorities up to 2013-14.<br> <br> "While it is too early for the scheme to have had a discernible impact on the number of homes, the signs are not encouraging," said head of the NAO Amyas Morse. <br> <br> The watchdog found that DCLG had miscalculated the number of new homes that the scheme would deliver over its first ten years and that the correct calculation would mean an additional 108,000 homes, not the 140,000 homes that DCLG announced.

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