To ask Her Majesty's Government what steps they are taking to increase growth in the UK housing market after Brexit.
Answered on
15 July 2019
We are committed to delivering safe, secure and affordable housing to people across the country, and Brexit will not change this. After we leave the EU, as now, we will work closely with industry and all levels of government and take end-to-end action across the housing market to deliver the right homes in the right places and achieve our ambition of delivering 300,000 homes a year by the mid 2020s.
We set out our plan for long-term reform to make the housing market work better in our Housing White Paper, and have since built on this with further measures, including planning reforms, lifting Housing Revenue Account borrowing caps, and progressively increasing the Government’s 2016-21 Affordable Homes Programme in England to more than £9 billion, as well as more than doubling the Housing Infrastructure Fund to £5.5 billion to unlock up to 650,000 homes. We’ve committed over £22 billion Help to Buy Equity Loan funding to 2021, and announced at last year’s Autumn Budget a new scheme with £7.2 billion funding to 2023. The measures we have announced will boost the delivery of housing and use funds flexibly to unblock the barriers to more housebuilding.