Starter Home Initiative

HC Deb 09 July 2002 vol 388 c887W

Mr. Pickles

To ask the Deputy Prime Minister which companies submitted bids for the grant awarded to Northcote KeyStart Homes under the second round of the Starter Home Initiative; and if he will make a statement. [67447]

Mr. McNulty

Bids for Starter Home Initiative (SHI) Round 2 funding were invited from registered social landlords, local authorities and key worker employers. Northcote Housing Association was allocated £1.056 million SHI Round 2 funding to assist a total of 103 key workers in Buckinghamshire, Slough, Reading and Oxford. The funding will be used to provide £10,000 equity loans to key workers in these areas to assist their house purchase. The funding allocated also includes £25,750 towards the Association's costs in administering the scheme.