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Cash Incentive Scheme Grants: Total expenditure (£000s) (8839) Metric type
- Help text
- This is the total financial payments (in £000s) of Cash Incentive Scheme Grants made during the reporting year, including any instalment payments for which final payments are yet to be made. Amounts are in cash terms.
Cash Incentive Scheme grants cover grants are made under Section 129 of the Housing Act 1988. Currently there is no central funding from Government for the Cash Incentive Scheme, so local authorities must fund schemes from their own capital resources. It is up to each local authority to decide whether to run a Cash Incentive Scheme - they do not need the Secretary of State's consent.
The objectives of the grant are to release local authority accommodation for letting to those in housing need and to encourage owner occupation where it is sustainable. It works by landlords paying a grant to a tenant to assist them to buy a property in the private sector. Local authorities can target the scheme to free up accommodation in areas of the borough where there is a shortage of social housing; or to release types of property for which there is a high demand, e.g. family sized accommodation. Only includes grants that are for the purchase of private sector properties by social tenants (i.e. freeing up social housing dwellings).
These are dwellings within the geographical authority area. This means that any dwellings provided in the area by other local authorities will be included, but those provided by the authority outside the area should not.
All affordable housing reported here should be in line with the National Planning Policy Framework (NPPF). A "completion" is defined as taking place when the property is built or purchased and transferred to the housing provider. This will generally take place when a Practical Completion certificate is issued or when the completion of the sale takes place. Homes should be included in a given financial year where Practical Completion (or completion of the sale) and transfer to the housing provider has taken place by 31 March. If the property is only let, or available for letting, in the following year it is still recorded in the year that it was completed and transferred to the registered provider.
This indicator is from the Local Authority Housing Statistics data returns (LAHS) Section I - Affordable Housing Supply
- Modified
- 11 Apr 2023
- Data last updated
- 16 Feb 2024
- Short label
- Cash Incentive Scheme Grants: Total expenditure (£000s)
- Status
- Live
- Output precision
- 0
- Polarity
- not applicable
- Measure
- Amount
- Dataset
- Dwellings in the area
- Source
- Department for Levelling Up, Housing & Communities
- is found in the following lists
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