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

By Joey Gardiner2023-07-12T11:56:00

Officials say affordable homes cash can be used in later years 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.

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