than in 2009. However, there is much more to do. So, my Department is announcing a further series of common-sense measures to promote house building and support locally-led economic growth. The technical details were set out in a written statement that I laid before the House, but I will now summarise the key points for hon. Members. Following on from Sir Adrian Montague's independent report on supporting the private rented sector, we are providing 200 million of new funding to support institutional investment in high-quality rented homes. Thanks to the action we have taken to tackle the previous Government's deficit, we are passing on lower costs of borrowing. We will be issuing a debt guarantee for up to 10 billion to support private investment in the private rented sector and in new affordable housing. We will support up to an additional 15,000 affordable homes through the use of loan guarantees, flexibilities and capital funding. We also intend to extend our successful refurbishment programme to bring an additional 5,000 existing empty homes back into use. The previous Government wanted to demolish Victorian terraces, through John Prescott's pathfinder programme. By contrast, we are getting homes back into productive use. In total, we will invest another 300 million in these measures to support new affordable homes and to bring empty homes into use. We actively want to support home ownership, which fell under the last Parliament, despite a Labour pledge to increase it by 1 million. We are extending our successful FirstBuy scheme