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Ministry hands £817m back to Treasury

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The Ministry of Housing, Communities & Local Government has handed back £817m of its budget for 2017-18 to the Treasury, it has emerged.

A “supplementary estimate” issued by the department, which is part of the annual process of agreeing budget changes with the Treasury, reveals £166m for accelerated construction from the national productivity and infrastructure fund (NPIF) has been “surrendered” as it is “no longer required”.

MHCLG has also returned a total of £72m of funding specifically for affordable housing, which includes £48m allocated from the NPIF.

The document says this will contribute to “higher affordable housing investment in future years”.

A further £24m underspend in the general affordable homes programme has also been returned to the Treasury.

A total of £329m from the government’s starter homes programme for first time buyers has been handed back and the funds will contribute to future higher investment in affordable housing, the document says.

Funding worth £75m has been returned because some devolution deals did not proceed, as has £65m allocated for the ’London Housing Bank’.

A total of £52m from the build to rent program and the same amount for estate regeneration has been handed back, along with £6n earmarked for the regeneration of Brent Cross in London.

The document details changes to the MHCLG budget to enable it to deliver outcomes agreed with the Treasury at the 2015 spending review and subsequent budget announcements.

A total of £827m has been “re-profiled” until later in the spending review period “to reflect changes in the timing of agreed announcements and programme delivery”.

This includes £478m of capital budget to support housing programmes and £349 of resource funding for measures including the troubled families programme, controlling migration fund and homelessness prevention.

A MHCLG spokesman said: “We are delivering the homes our country needs and since 2010 we have built over 357,000 new affordable properties.

“But we are determined to do more and we are investing a further £9bn, including £2bn to help councils and housing associations build social rent homes where they are most needed.”

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