Thursday, 25 May 2017

Pay to stay scheme to fund new affordable homes

The housing minister has pledged to put ‘every penny’ raised from increasing the rent of high-earners living in social housing into building more homes.

Grant Shapps told Parliament today that there were currently around 6,000 households in the UK with combined incomes of £100,000 or more.

Mr Shapps said: ‘That is something we intend to tackle with the pay to stay scheme.’

When asked if would consider ring fencing the money raised by the scheme, Mr Shapps said that it was unfair that people were using social housing to live in areas which many people could not afford.

‘We think that there are some tens of millions of pounds that will be available with pay to stay,’ he said

‘And with that money we will use every penny of it to provide more affordable homes for those who really need it.’

Previously Mr Shapps has said that around £56 million could be raised from charging market rents for high-earners living in social housing.

Readers' comments (11)

Comments are only open to subscribers of Inside Housing

Already a subscriber?

If you’re already a subscriber to Inside Housing, your subscription may not be linked to your online account. You can link your subscription from within the My Account section of the website and clicking on Link My Account.

Not yet a subscriber?

If you don't yet subscribe to Inside Housing, please visit our subscription page to view our various subscription packages.

Have your say

You must sign in to make a comment

sign in register


Newsletter Sign-up



  • Councils reject voluntary Pay to Stay

    24 November 2016

    Conservative councils are among several which will not introduce the controversial Pay to Stay policy for their tenants following the government’s decision to make it voluntary.

  • Government scraps compulsory Pay to Stay

    21 November 2016

    The government has scrapped its plans to force councils to charge higher-income tenants rents of up to market rates.

  • Ministers consider Pay to Stay exemption

    5 October 2016

    The Department for Communities and Local Government (DCLG) will consider exempting council tenants from Pay to Stay in areas where social rents and market rents are similar.

  • Government urged to delay Pay to Stay

    27 July 2016

    Councils and arm’s-length management organisations are calling on ministers to delay the introduction of Pay to Stay to avoid a ‘tight’ timetable, after the government failed to publish regulations before the parliamentary recess.

  • Councils sound warning over Pay to Stay timetable

    24 June 2016

    The government is facing pressure from councils over the “horrendously short” timescale required to implement its controversial Pay to Stay policy by April next year.

IH Subscription