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Written question asked by Chi Onwurah (Labour) on Tuesday, 12 March 2024, in the House of Commons. It was due for an answer on Friday, 15 March 2024 (named day). It was answered by Jacob Young (Conservative) on Friday, 15 March 2024 on behalf of the Department for Levelling Up, Housing and Communities.


Life Sciences: Canary Wharf

Question

To ask the Secretary of State for Levelling Up, Housing and Communities, with reference to paragraph 5.59, page 74 of the Spring Budget 2024, what his Department's (a) selection criteria and (b) rationale were for identifying Canary Wharf as the recipient hub of investment over other life sciences hubs.

Answer

As the Government’s housing and regeneration agency, Homes England is tasked with accelerating house building and regeneration in all areas of the country. The brownfield regeneration scheme being supported at Canary Wharf includes over 500 homes in an area of high demand, responding to significant local need.

The Home Building Fund – Infrastructure Loans (HBF-IL) programme which supports this scheme provides infrastructure loans for mixed-use developments throughout England. Details of selection criteria can be found here: https://www.gov.uk/guidance/home-building-fund-infrastructure-loans.


Secondary information

Type
Written question
Reference
18141
Session
2023-24
Related items
Spring Budget 2024
Wednesday, 6 March 2024
House of Commons papers
House of Commons
House of Lords
Transferred
Yes
Subjects
Investment Life sciences Canary Wharf
Link
View this Written question on www.parliament.uk