Conservative MPs have called on the chancellor to announce the funding of a radical building programme in next month’s budget
Philip Hammond, who is under pressure from pro-Brexit colleagues and is apparently seeking bold ideas after criticism of his March budget, is being urged to back a scheme in which the state partners with developers to build homes on publicly owned land, the Times newspaper reported today.
The idea of an ’accelerated construction’ policy was laid out in a white paper published in the spring. According to the Times, it involves the state identifying suitable public-sector land, awarding planning permission, selecting a development partner, building rapidly and then selling the homes on the market.
Tomorrow (Tuesday) prime minister Teresa May will hold a meeting with the country’s largest developers, housebuilders and housing associations.
Earlier this month the RIBA and a number of leading architects attacked the prime minister’s pledge for an extra £2 billion for affordable housing over the next five years saying the money was simply not enough.
RIBA president Ben Derbyshire said the amount was too little and that the cash would only help build at most an extra 25,000 homes – an average of 5,000 a year – a figure confirmed in a press briefing document (see Profession reacts to PM’s social housing pledge: ’Warm words won’t put roofs over heads’).