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Available to LG Inform Plus subscribers, it provides information on what current legislation gives English and Welsh councils the power to do and what it requires them to do in law. Advanced searching and filtering options make it easy to find specific powers and duties based on legislation, business function and keyword, and results are easily exported in commonly used formats.
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Total New Homes Bonus
(4270)
Metric type
- Help text
- Higher new homes bonus provides a stable source of income for councils and is a signal of a lively house building market. However, this funding stream is government policy, meaning that there is always a risk of it ending. Many authorities use new homes bonus for further investment instead of funding services as a result.
Calculated using: (New Homes Bonus) + (New Homes Bonus: Returned Funding)
These metrics are part of the local government finance settlement in England. The annual local government finance settlement is concerned with the distribution of revenue raised from business rates, through business rates retention, and the distribution of Revenue Support Grant. The settlement provides local authorities with information on how much Revenue Support Grant they have been allocated for the next financial year. It may also provide illustrative information on allocations for the year or years following the next financial year.
- Modified
- 31 May 2020
- Data last updated
- 13 Apr 2021
- Short label
- Total New Homes Bonus
- Status
- Discontinued
- Output precision
- 3
- Polarity
- not applicable
- Measure
- Pounds (£millions)
- Dataset
- Spending Power
- Source
- Department for Levelling Up, Housing & Communities
- is found in the following lists
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