Commons Sense

House of Commons · Written Ministerial Statement

Housing update

29 January 2020 · Ministry of Housing, Communities and Local Government

Proposed by Robert Jenrick Reform Newark

Housing

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • The statement addresses the introduction of a 1 billion ENABLE Build guarantee scheme to support smaller housebuilders.
  • The scheme aims to encourage additional lending to smaller housebuilders by providing a guarantee.
  • A departmental minute is being laid before Parliament to set out the details of the contingent liability for the ENABLE Build guarantee scheme.

Issue summary

The statement addresses the introduction of a £1 billion ENABLE Build guarantee scheme, aimed at supporting smaller housebuilders.

Action requested

I am laying before Parliament a departmental minute setting out the details of a contingent liability for the £1 billion ENABLE Build guarantee scheme, which was announced in Autumn Budget 2018 and launched in May 2019. The scheme is intended to encourage additional lending to smaller housebuilders.

Key facts

  • The Ministry of Housing, Communities and Local Government intends to create a contingent liability for the ENABLE Build guarantee scheme.
  • The £1 billion ENABLE Build guarantee scheme was announced at Autumn Budget 2018 and launched in May 2019.
  • The scheme is being delivered through the British Business Bank with support from Homes England.
  • The Ministry guarantees loan portfolios of new lending to smaller housebuilders.
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