New Homes Bonus is getting Solihull building again – Burt
December 5, 2011 3:59 PM
Solihull MP Lorely Burt has welcomed the cash boost for local councils through the New Homes Bonus, announced by Liberal Democrat Communities Minister Andrew Stunell.
The money means councils are rewarded for building new homes and bringing empty homes back into use. In Solihull, the Coalition has given £1.4m, delivering 311 new homes and bringing 51 empty homes back in to use.
This is the latest in a line of steps the Government have taken to boost the housing market, following on from an extension of the 'Right to Buy' scheme and an announcement of a Government backed mortgage indemnity scheme that will allow first-time buyers to get onto the housing ladder.
Commenting, Lorely Burt MP said:
"After 13 years of Labour's failure, the Liberal Democrats are determined to get Britain building again. The New Homes Bonus is doing exactly that.
"We're already seeing new homes built in Solihull and empty homes being brought back in to use.
"This is something the Liberal Democrats have long campaigned for and we are now delivering in Government."
Commenting further, Liberal Democrat Communities Minister Andrew Stunell said:
"These are very pleasing figures, showing that the New Homes Bonus is acting as a spur to get councils building new homes and bringing more empty homes back into use.
"It's a win-win situation for local communities - £430m of extra funding for frontline services and 159,000 extra homes for local people.
"Labour's top-down approach to building homes just didn't work. It was unrealistic and ineffective, and didn't take into account local needs or wishes.
"Instead the New Homes Bonus is introducing a culture change - making it easier to persuade local people to go for development, and rewarding communities that go for growth."
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