DLUHC admits handing £1.9bn of housing funds back to Treasury

michael gove (2)

Gove’s department says affordable homes cash can be re-profiled but £1.2bn of Help to Buy funds lost

The government has confirmed that Michael Gove’s department has handed almost £2bn of housing cash back to the Treasury after failing to spend the funding in the 2022/23 financial year.

The department has confirmed a report in the Guardian that the department had underspent by £1.9bn and was handing the money back to the chancellor, with the cash including £255m of affordable housing funding given back to the Treasury and £1.2bn of Help to Buy money.

Login or Register for free to continue reading Housing Today

To continue enjoying housingtoday.co.uk, REGISTER FOR FREE

Already registered? Login here

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:

  • Breaking industry news as it happens
  • Gain access to Housing Today’s Specialist CPD modules
  • Expert News and analysis

It takes less than one minute….

Join the Housing Today community - REGISTER TODAY

… or subscribe for full access - Subscribe now