This site is in beta mode while we add the remaining policies. To feedback or help, please get in touch!
In Progress
Provide local authorities with low-cost capital funding

…as well as providing them with significant low-cost capital funding.

Our Verdict

This one sounds a little technical! First, “capital funding” is simply money provided to local councils by the government for houses. “Low-cost” means that the government only expects a small return on investment back from that funding. So in other words, the manifesto outlines the intention to provide local councils with cheap funding for building houses.

Since the election, the government has provided a wealth of funding for local councils. In February 2018 the government announced that £866 million would be invested in housing. Since then, £1.67 billion has been given to London councils to provide more houses, £100 million has been given to the West Midlands, £215 million has been given to Oxfordshire, alongside a deal with the West of England local councils which included £3 million in funding.  However, details of whether or not this funding is “low-cost” are much harder to find.

Therefore, we will mark this as ‘in progress’ and wait for more funding details to be announced.

Want to know more?

There's always room for debate

We’re serious about providing clear, up-to-date, non-partisan information. We focus on being consistent and fair in how we track policies, and always explain our reasoning. But there is always room for debate. So if you see it differently, we’d love you to tell us why or submit an edit.

Get involved!

Whether you are for or against this policy or just want to know more, it's never been easier to get involved and have your say. Try these for starters…

Join the discussion On this page, or Twitter, or Facebook. Democracy is better shared!
Follow this policy We'll send you email alerts every time something interesting happens.
Ask your MP Ask your MP to help you support or block this policy - write to them here.
Get the facts Sense about Science and Full Fact are great for evidence and fact checking.
Get ahead! The Simple Politics newsletter breaks it all down for you - before it happens!
Comments