Spending Review
Matthew Pennycook MP, MHCLG Minister, wrote to social housing providers about £39 billion in the Spring Statement 2025 for a successor to the Affordable Homes Programme over 10 years of starts from 2026-27. It prioritises social rent homes and funds affordable rent and shared ownership.
Sadiq Khan issued a statement regretting the Spending Review had no funding for new London transport infrastructure to support development. He wrote that without it “We will not be able to build the numbers of new affordable homes Londoners need.” and “The way to level up other regions will never be to level down London.”
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