More support for house building

Announcement in Spring Statement

Further steps that will support the government’s house building planswere announced on 13 March by the Chancellor, the Rt Hon Mr Phillip Hammond MP. 

The measures include £100 million to back the Mayor of the West Midlands’ ambitious plan to deliver 215,000 homes and confirmation of an £1.67 billion funding package for London to build affordable homes.

£60 million investment has also been announced to boost the Housing Growth Partnership fund that supports small and medium sized housebuilders enabling them to invest in housing projects and develop their businesses.

Sir Oliver Letwin MP has also set out next steps of his independent review into the gap between planning permissions granted and homes completed.

These measures build on the major overhaul to the National Planning Policy Framework focused on increasing the supply of land, maintaining protections for the Green Belt and a greater emphasis on converting planning permissions into homes, launched last week by the Prime Minister.