Housing drive results in £700,000 bonus
Cheltenham borough is set to receive nearly £700,000 as a reward for encouraging house building.
The £699,135 provisional grant is part of the government's New Homes Bonus scheme, which is allocated to local councils across the country.
Cheltenham Borough Council will get the pay-out in monthly instalments over a year.
The funding is calculated on the number of new homes built in a local authority area each year, with an additional reward given for the delivery of affordable houses.
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Elsewhere in the county, Tewkesbury is set to receive £1.23million and the Cotswolds £1.37million.
George Hill, Tewkesbury Borough Council's director of resources, said the council had so far used the New Homes Bonus scheme to maintain its services and keep its council tax – currently the fifth lowest in England – "affordable" to its residents.
He said: "In the current year we have received £899,893 as a new homes bonus and £37,520 for affordable housing.
"In housing numbers this relates to 850 additional properties and 134 affordable units."
The provisional allocations for 2013 to 2014 nationally are £661.4million. This will bring the total amount of New Homes Bonus funding awarded since the grant was first paid in April 2011 to almost £1.3billion.
The bonus is being paid after 142,000 homes and 13,000 long-term empty properties were brought back into use nationally in the last recorded year.
It also includes the second affordable homes bonus, which totals £20.3million in respect of 58,000 new affordable homes in the last recorded year.
Housing Minister Mark Prisk said: "For years, developers found themselves at loggerheads with communities unconvinced that their plans for growth would benefit them, but the New Homes Bonus is turning this around."
The grant 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.
Local authorities have until January 7 to make representations on their provisional allocations. Final allocations are due by early February.