Responding to the publication of the Review of Sub-national Economic Development and Regeneration by the Government today, the Home Builders Federation have welcomed the Government's commitment to increase housing supply and the explicit requirement to issue regional plans for housing growth.
However, further action on increasing land supply should be the cornerstone of the Government's Housing Green Paper.
Stewart Baseley, Executive Chairman of the Home Builders Federation, says:
"We still await progress on proposals for a Housing and Planning delivery grant in the spending review. With or without more incentives, local authorities will only meet the new housing targets if they tackle the land supply issue proactively. Confidence in mechanisms for delivering sufficient land supply to meet communities' needs remains the acid test for solving our housing affordability problems."
Notes for Editors
The Home Builders Federation (HBF) is the principal trade federation for private sector home builders and voice of the home building industry in England and Wales. The HBF's 300 member firms account for some 80% of all new homes built in England and Wales in any one year, and include companies of all sizes, ranging from multi-national, household names through regionally based businesses to small local companies: www.hbf.co.uk
The Government's review of Sub-national Economic Development and Regeneration has been published by the Treasury, and is available here.
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