New Homes Bonus and the Local Growth Fund: technical consultation

The government is committed to implementing a recommendation of Lord Heseltine’s report No Stone Unturned: in pursuit of growth and introduce a Local Growth Fund.

The Local Growth Fund will total at least £2 billion in each year from 2015 to 2021 and will bring together transport, skills, and housing funding. The housing component of the Local Growth Fund will be £400 million, derived from local pooling of the New Homes Bonus.

This consultation looks at how local pooling of the New Homes Bonus can be achieved.