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National Housing Bank and new capital grant funding
18 June 2025
Type
Written Ministerial Statement
Department
Ministry of Housing, Communities and Local Government
At a Glance
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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