Spring Statement 2019

The Chancellor made £3bn of government guarantees available for the delivery of 30,000 homes in his spring statement.  The thinking behind this approach is to provide RPs with access to borrowing at interest rates of below 2% as the lending is in effect ‘de-risked’ by the provision of the government guarantee.

While welcomed in the sector, there has also been a demand for additional grant funding rather than just ability to borrow at lower interest rates.  

The Chancellor has also announced £717M to unlock sites from the Housing Infrastructure fund including sites at Old Oak Common and the Oxford-Cambridge arc.