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Government Introduces the New Homes Bonus Scheme

This month, the Government has formally introduced a new scheme aimed at encouraging local councilís to create new homes.  

For each new home made available the Government will offer a grant based on the houseís council tax valuation.  This grant is then continued over the next three year period.  This means that a house with a £1,000 council tax rating can eventually gather a £6,000 pound grant.

The incentive also applies to the rehabilitation of empty properties.   By rehabilitating empty homes the council is able to save money whilst still obtaining extra funding from the government.  It also reduces the need for urban expansion, relieving the pressure on our green spaces and surrounding country side.

For more information about the scheme, head to the Governmentís own website.  https://www.gov.uk/government/policies/increasing-the-number-of-available-homes/supporting-pages/new-homes-bonus


 

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404 empty properties were brought back into use in 2010/11 in Bristol.
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