A new Government plan has been launched that will give councils extra cash for each new property built in their area as an incentive to encourage the construction of more homes. It’s being called the New Homes Bonus scheme and will mean that local authorities will receive a lump sum per property equivalent to the council tax raised on each new house for six years.
The scheme has been introduced because of the lack of quick house sale opportunities and due to the low new-build numbers currently being seen. Even at this early stage it does have critics, one such being John Healey, shadow housing minister, who said: “This policy could mean cuts in services in other areas of the country, we could quite literally see government robbing Peterborough to pay Poole.”
In reply the Housig Minister, Grant Shapps said: “Communities that go for growth would reap financial rewards” and the rewards are likely to be substantial, possibly several hundred million pounds.
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