NHB 2012/13 figures released

The New Homes Bonus allocations for 2012-13, totalling £431 million nationally, were announced by CLG on 1 February 2012. They include the second year one instalment of £199 million and the first year two instalment of £233 million.

As the chart above demonstrates (Source: CLG 2012),  the impact of the New Homes Bonus varies significantly across the capital, depending on development levels. Whereas LB Tower Hamlets stands to benefit by over £10 million in 2012/13, neighbouring LB Newham will recieve just over £3 million.