Housing minister Grant Shapps conformed this month that the government’s plans to 'reward' councils that give planning consent for the building of new homes will be introduced early in the upcoming Spending Review. Shapps has outlined a system of incentives for councils to build new houses which will involve the Government matching the additional council tax raised by every new house built for the next six years.
For example a council approving 100 new Band ‘D’ homes – currently around £1,400 a year in council tax – would be entitled to £840,000. The minister said he wants to use the incentives, which can fund either more frontline services, new playground facilities or council tax discounts, to boost house building.
He said: "With house building falling to its lowest level since 1924, action is needed now to build the homes the country needs”.
He said: "With house building falling to its lowest level since 1924, action is needed now to build the homes the country needs”.
A consultation paper on the final scheme will be published following the Spending Review in October. PDP will review the consultation paper as soon as it is available and are happy to advise any clients wanting to know whether the incentives may influence individual development proposals.
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