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Nottingham City Homes statement on the Prime Minister's plan to scrap council borrowing cap

Nottingham City Homes' statement on the Prime Minister’s plan to scrap council borrowing cap

Building homes

Statement date: Wednesday 3 October

The Prime Minister has today announced in her speech at the Conservative Party conference that the cap on councils borrowing against their Housing Revenue Account to build more homes will be scrapped.

We welcome this news. One of the biggest asks from Nottingham tenants is to build more council housing. We’ve already built, or are building, nearly 700 affordable homes for Nottingham families on behalf of the Council.

We look forward to receiving the details around the Prime Minister’s statement so that, working with Nottingham City Council, we can build  many more for Nottingham people in urgent housing need.