- Landmark deal struck to bring military housing estate back into public hands.
- Major deal unlocks new-build housing projects for military families plus essential refurbishments.
- End to huge annual rental bill to save around £230 million per year.
Billions of pounds will be saved by the deal over the next decade, delivering savings for taxpayers and enabling additional investment into homes for military families. The landmark move reverses a sale undertaken by the Government in 1996.
The Defence Secretary describes today’s announcement as a “decisive break” with the failed approach of the past, which will enable the first steps to be taken to fix the long-term decline in housing for military families and deliver homes fit for heroes. He will also commit to using the deal to help achieve the Government’s milestones on kickstarting economic growth and boosting housebuilding across the country.
Today’s deal will bring to an end to an arrangement which has seen the taxpayer spend billions of pounds on rental payments for military housing while still being…