Select committee: Public Accounts Committee

Conclusion 18

11th Report - Unlocking land for housing Published 17 Jul 2026 Addressed to HM Treasury
Conclusion (the committee's words)
The Department has taken various approaches, driven by shifting policy priorities, to where it invests unlocking land funds. However, frequent change reduces confidence in the sector and risks wasting applicants’ efforts in developing plans that are unlikely to be supported.42 To support the delivery of the NHDF and National Housing Bank, Homes England is developing an overarching agency-wide investment strategy. The first part of this strategy was the publication of the Homes England Investment Roadmap in December 2025 which set out the scope of the NHDF, the Bank and the agency-wide investment principles and investment themes that will guide the future activity of Homes England.43

From: Public Accounts Committee, 11th Report - Unlocking land for housing (HC 87), 17 July 2026

Government response

The government responded to the whole report on 1 October 2026 (deadline 17 September 2026).

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