Commons Sense

Hansard-based summaries and metrics

<-- Back to proposed bills

Housing update

29 January 2020

Proposing MP
Robert Jenrick Reform
Newark
Type
Written Ministerial Statement
Department
Ministry of Housing, Communities and Local Government
View on Parliament.uk -->

At a Glance

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.
▸ Assessment & feedback
Summary accuracy