Login Register
 °

Stroud district set for £1.13m for supporting house building

By Stroud Life  |  Posted: January 02, 2013

Comments (0)

Stroud district is set to receive more than £1million as a reward for encouraging house building.

The £1.13million provisional grant is part of the government's New Homes Bonus scheme, which is allocated to local councils across the country.

Stroud District Council will get the pay out in monthly instalments over a year.

The funding is calculated on the number of new homes built in a local authority area each year, with an additional reward given for the delivery of affordable houses.

More than 200 affordable homes have been built in the Stroud district during the past three years.

This includes 102 between 2009 and 2010, 84 from 2010 to 2011 and 48 between 2011 and 2012.

Elsewhere in the county, Gloucester is set to receive £2.03million under the scheme and Cheltenham £699,135.

Housing Minister Mark Prisk said: "For years, developers found themselves at loggerheads with communities unconvinced that their plans for growth would benefit them, but the New Homes Bonus is turning this around.

"The bonus is a flexible, unring-fenced fund, which can be used to support frontline services, to provide housing infrastructure or to keep council tax down."

The provisional allocations for 2013 to 2014 nationally are £661.4million. This will bring the total amount of New Homes Bonus funding awarded since the grant was first paid in April 2011 to almost £1.3billion.

The bonus is being paid after 142,000 homes and 13,000 long-term empty properties were brought back into use nationally in the last recorded year.

It also includes the second affordable homes bonus, which totals £20.3million in respect of 58,000 new affordable homes in the last recorded year.

The grant is based on the amount of extra council tax revenue raised for new build homes, conversions and long-term empty homes brought back into use.

Local authorities have until January 7 to make representations on their provisional allocations. Allocations are due early February.

Read more from Stroud Life

Do you have something to say? Leave your comment here...

max 4000 characters
  • darrellglos  |  January 02 2013, 2:58PM

    Stroud should hand the money back - It only support house building if its no where near Stroud. Should give the money to Gloucester or Cheltenham. They build more new houses and thats including Social Housing.

    |   2
  • grumpyand50  |  January 02 2013, 8:48AM

    For encouraging building houses miles away from Stroud Town...

    |   1

      YOUR COMMENTS AWAITING MODERATION

       
       
       

      MORE NEWS HEADLINES