The final piece in the new homes jigsaw has been saved
The final piece in the new homes jigsaw
3 December 2014
John Adams, head of planning at Deloitte Real Estate, comments on the direct commissioning of new homes announced in today’s Autumn Statement:
“The announcement of ‘direct commissioning’ of new homes in the Government’s pilot project at Northstowe could be the final piece in the jigsaw for delivering the annual requirement of 230,000 homes.
The National Planning Policy Framework established the presumption in favour of sustainable development and required local authorities to demonstrate a five year housing land supply. The new homes bonus and loans to house-builders from the Getting Britain Building and Home Start programmes provided fiscal incentives to local authorities.
We are now seeing the direct commissioning of new homes. Targeting public sector owned land will address delays caused by a combination of the planning process and viability issues on many privately owned sites. A key advantage will be the ability of the Government, and the Homes and Communities Agency, to take a longer term view on the returns from major developments, including land value. This will speed up the delivery of housing, including affordable homes.
Direct commissioning could also support the delivery of new garden communities, such as Bicester, which will be well placed to absorb demand for homes from cities with growing economies.”
Visit our dedicated Autumn Statement website.
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Notes to editors
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