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Budget 2021: takeaways for housing

budget 2021

The latest UK budget announcements contained very little in the way of brand new support measures for housing, with many points previously announced or extensions of existing initiatives.

The key takeaways for housing were:

  • £1.8m brownfield fund to facilitate development on smaller sites and regenerating underused land
  • £640m to tackle homelessness and rough sleeping, including the existing Rough Sleeping Initiative and Rough Sleeping Accommodation Programme
  • The forthcoming cladding tax for developers was set at 4%
  • A cut to the Universal Credit taper rate helping low-income working households keep more of the benefit
  • The £11.5bn Affordable Homes Programme, already underway, was reconfirmed
  • Previously announced energy efficiency programme funds & commitments

Read Inside Housing's round-up here

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