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New homes bonus as a % of net revenue (4272) Metric type
- Help text
- New homes bonus as a share of total revenue spending power. 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.
The higher the value the relatively bigger importance of new homes bonus funding.
Calculated using: (Total New Homes Bonus) / (Revenue Spending Power)*100
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
- 11 Jan 2024
- Data last updated
- 22 Jun 2022
- Short label
- New homes bonus as a % of net revenue
- Status
- Discontinu
- Output precision
- 2
- Polarity
- a high value is good
- Measure
- Percent
- Dataset
- Financial Sustainability Analysis
- Collection
- Financial Sustainability Analysis
- Source
- Local Government Association
- is found in the following lists
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