Commons Sense

House of Commons · Written Ministerial Statement

National Housing Bank and new capital grant funding

18 June 2025 · Ministry of Housing, Communities and Local Government

Proposed by Matthew Pennycook Lab Greenwich and Woolwich

Housing

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

View on Parliament.uk

At a glance

Key points

  • Government establishing a National Housing Bank to speed up housebuilding in England
  • National Housing Bank to receive an initial allocation of 16 billion
  • 5 billion of new capital grant funding for infrastructure and land announced

Issue summary

The government is establishing a National Housing Bank to accelerate housebuilding in England, alongside £5 billion of new capital grant funding for infrastructure and land.

Action requested

The government intends to establish the National Housing Bank as a Public Financial Institution with an initial allocation of £16 billion. The fund will be operational by April 2026 and will complement investment from the National Housing Delivery Fund, which will also be fully functional by then.

Key facts

  • Government plans to build 1.5 million homes in this Parliament.
  • The National Housing Bank will have an initial allocation of £16 billion comprising £10.5 billion of investment capital and £5.5 billion of contingent liability capacity.
  • A new, single National Housing Delivery Fund with £5 billion grant funding for infrastructure and land will be operational from 1 April 2026.
  • The Bank aims to support the delivery of over 500,000 homes in all parts of England.
  • Homes England has deployed over £9.6 billion since October 2016, attracting an estimated £48 billion of private sector investment into housing.
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