Spending Review 2025

12 June 2025

On 11 June, the Chancellor announced the Spending Review, detailing the government’s spending plans across a number of areas including defence and healthcare. Housing formed a key part of the announcements, with measures including a £39bn investment in the Affordable Homes Programme (AHP), a ten-year rent settlement with annual increases capped at CPI+1%, a consultation on how to introduce rent convergence, full funding for the Warm Homes Plan, and equal access for social landlords to building safety remediation funding.

The Spending Review also committed £100m for homelessness prevention and £2.5bn in low-interest loans for social housing providers to support housebuilding. 

Members can find a briefing on each of the key housing announcements below. You can also read our full press response to the Spending Review. If you have any questions, please get in touch.

Attend our webinar

The NHF is hosting a webinar on Friday 27 June which will explore the key announcements from the Spending Review and what they mean for the sector. 

Book your place

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Who to speak to

Joe Waters, Public Affairs Manager