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Written question asked by Neil Coyle (Labour) on Friday, 13 April 2018, in the House of Commons. It was due for an answer on Tuesday, 17 April 2018. It was answered by Dominic Raab (Conservative) on Monday, 23 April 2018 on behalf of the Ministry of Housing, Communities and Local Government.

Housing: Finance

Question

To ask the Secretary of State for Housing, Communities and Local Government, what funds have been provided by (a) his Department, (b) Homes England and (c) the Homes and Communities Agency to London and Quadrant Properties in financial years (i) 2015-16, (ii) 2016-17, and (iii) 2017-18.

Answer

The following funding has been provided by homes England and the Ministry of Housing, Communities and Local Government to London and Quadrant properties for financial year 2015-16, 2016-17 and 2017-18:

  • The Government guaranteed a bond of £175 million to L&Q on 24 November 2016 under the Private Sector Guarantee Scheme.

  • Additionally Homes England have provided funding to L&Q and East Thames (now a subsidiary of L&Q):

Developing Organisation Name

Reporting Programme Group

Actual Spend 2015/16

Actual Spend 2016/17

Actual Spend 2017/18

L&Q

Help to Buy

0

6,887,673

8,534,000

L&Q

Right to Acquire

29,500

0

13,500

East Thames Partnership Ltd

Help To Buy

0

6,903,663

0

East Thames Group Limited

AHP 2015-18

0

751,500

0

East Thames Group Limited

Care and Support

0

126,000

0


In addition, the GLA has provided £394,740,000 funding to London and Quadrant from the Affordable Homes Programme 2016-21.

Secondary information

Type
Written question
Reference
135458
Session
2017-19
Subjects
Housing Finance Homes and Communities Agency L&Q Group Homes England
Contains statistics
Yes
Link
View this Written question on www.parliament.uk