Government announces Spending Round housing plans

Sept. 4, 2019
<p><span>The chancellor Sajid Javid has confirmed £3.6 billion of funding for the government’s new Towns Fund, as part of its Spending Round announcement today (September 4).</span></p> <p><span>The fund would provide “a wave of investment to our regions and places,” Javid said.</span></p> <p><span>Under the Spending Round, which covers spending plans for departments during 2020-21, the government announced £</span><span>24 million extra funding for the Building Safety Programme to support the new building safety regime “and help prevent a tragedy like Grenfell happening again," it said.</span></p> <p><span>The Ministry of Housing, Communities and Local Government (MHCLG) would also continue to receive support to increase home ownership through Help to Buy and other housing programmes, “including providing Homes England additional funding to deliver more homes where people need them,” the government said.</span></p> <p><span>And funding would continue for the Midlands Engine and Northern Powerhouse, the government stated.</span></p> <p><span>MHCLG has received a 2.7% real terms increase to its resource budget from 2019-20 to 2020-21, according to the Spending Round document.</span></p>

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