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Croydon gets £8 million New Homes Bonus from Government
08/01/2014 14:11:00

 
 

Just before Christmas, the Government announced the allocation of the New Homes Bonus for 2014-15.

The New Homes Bonus is a grant paid by central government to local councils as a reward for delivering additional homes. They calculate this based on the extra council tax revenue collected from additional homes and those brought back into use (with a premium for affordable homes).

Croydon received a total of £8,312,259, the 12th highest in the country.

This is a welcome recognition of the effort that my Conservative colleagues at the Town Hall have put into building more homes to tackle the housing crisis we face.

The good news is that the extra funding can be spent by the Council on whatever they choose, including front-line services and keeping council tax low.

Full details can be found online.

Comment on this blog

 

Readers' Comments

On 16/01/2014 19:31:00 Jim wrote:
This "extra funding" should be returned to taxpayers whence it came.
 
 

 

 

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Gavin Barwell, 133 Wickham Road, CR0 8TE, Tel  020 8663 8741      © Gavin Barwell  2017       Promoted by Ian Parker on behalf of Gavin Barwell, both at 36 Brighton Road, Purley, CR8 2LG