Autumn statement gives boost with funding for 140,000 new homes
Chancellor Philip Hammond has set out the state of the economy in the Autumn Statement and spending plans for the next three years in the Spending Review. Elmhurst Energy is delighted that he accepts that new housing is a priority which will be welcome news for both our On-Construction members and, because of the domino effect that new housing has on existing dwellings, for Domestic Energy Assessors too.
Most significant for Elmhurst members is;
- £2.3bn housing infrastructure fund designed to help provide 100,000 new homes in high-demand areas, and
- £1.4bn to deliver 40,000 extra affordable homes
Local authorities will be able to bid for the money under one of three existing schemes (Affordable Rent, Shared Ownership or Rent to Buy) and the money will be a top up the existing £4.7bn being spent on grants for affordable housing over the next five years.
Elmhurst Energy will continue to push that all new homes are designed and built to be as energy efficient as possible. Government statistics show that the new houses built last year will produce 7% less carbon dioxide, meaning that they will perform better than ever, but the removal of the zero carbon homes commitment, and no new Building Regulations on the horizon, means that the Government is missing its greatest opportunity to deliver on its Paris 2015 commitment.
For more information on the other aspects of the Autumn statement please read the BBC website at http://www.bbc.co.uk/news/uk-politics-38075649