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Record Ref : FOI 12333
Date Received : 14/08/2026
Date Completed : 12/10/2026
Organisation : Private Individual
Application Type : Private Individual
Category : Expenditure, Budgets and Income
Question
1. Since implementing a policy to charge a SHCTP, please can you advise the annual interest received per annum in respect of the unspent premiums and advise how the council treats this interest (i.e. is it ringfenced and treated as SHCTP or something else?)
2. Since implementing a policy to charge a SHCTP, please can you advise on an annual basis how the SHCTP raised has been allocated - by percentage to each budget category (e.g., general fund, planning, homelessness, schools, affordable housing, sustainable communities etc)
3. Since implementing a policy to charge a SHCTP, please can you advise on an annual basis, how many of the following the SHCTP has funded:
3.1 New build affordable homes for sale
3.2 New build affordable homes for rent
3.3 Property purchased as affordable home for sale
3.4 Property purchased as affordable home for rent
3.5 Refurbished existing housing stock as affordable for sale
3.6 Refurbished existing housing stock as affordable for rent
Answer
1. The Council manages all cashflows, including borrowings and investments in compliance with the Treasury Management Code.
2. The Council’s Second Homes premium Policy was implemented for the 2024/25 financial year and has continued into 2025/26 and 2026/27 financial years. The funding supported the Council’s Revenue Budget and therefore its directorates based on the allocations shown below:
2025/26
*Social Services Directorate 42.0%
*Education Directorate, excluding schools’ budgets 13.96%
*Regeneration, Investment & Housing 3.64%
*Neighbourhood Services Directorate 10.24%
*Governance & Resources Directorate 4.63%
*Finance 6.31%
*Corporate 19.22%
Total 100.00%
2024/25
*Social Services Directorate 42.20%
*Education Directorate, excluding schools’ budgets 13.39%
*Regeneration, Investment & Housing 4.38%
*Neighbourhood Services Directorate 11.15%
*Governance & Resources Directorate 4.40%
*Finance 6..09%
*Corporate 18.38%
Total 100.00%
3. Council departments which are funded by the Second Homes Premium further work with partners to acquire properties to meet our housing need although this is also supported by a separate grant. Historically, the Council also owns directly a number of flats.