More than £10million of government funding has been an awarded to Milton Keynes Council - a 20 per cent increase on last year.
Brandon Lewis, Minister for Housing and Planning, announced this year’s New Homes Bonus allocation would see the council given £2million more - news which has been welcomed by the city MPs.
Mark Lancaster MP for Milton Keynes North said: “I’m delighted this bonus funding has been made available for MK and equally happy that it’s an increase on the previous year.
“With the chaotic budget proposals by the Labour led council, which we’ve witnessed in recent months, I’m sure this will be welcome news and help to alleviate the financial pressures”.
The New Homes Bonus is based on the amount of extra Council Tax revenue raised for new-build homes, conversions and long-term empty homes brought back into use.
Councils are free to spend the bonus as they choose, including front line services.
MK South MP, Iain Stewart, said: “Like Mark, I’m pleased to see this extra funding for MK.
“This government is encouraging local authorities to build communities in which people want to live and work.
“As we have seen in the Centre for Cities report, MK has become an extremely desirable place to be.
“However, it is important we reflect on our successes and have serious conversation on future growth.”