Published: Thursday, 7th January 2016
David Cameron has committed to a new policy which will see the Government directly commissioning new affordable homes this year on publicly-owned land.
Initially this scheme will be piloted at four sites outside London where some 30,000 new homes will be provided, up to 40 per cent of which will be affordable ‘starter homes’.
The sites were named as:
- Connaught Barracks in Dover
- Northstowe in Cambridgeshire
- Lower Graylingwell in Chichester
- The Daedelus Waterfront development at Gosport.
This approach will also be used in at the Old Oak Common area in west London where a Mayoral Development Corporation has been established.
Ministers stressed that these initiatives would also provide opportunities for smaller building firms which cannot take on large housing projects.
The Government has also unveiled a £1.2bn ‘starter home’ fund to prepare brownfield sites for new homes.
Ministers insisted this would fast-track the creation of at least 30,000 new ‘starter homes’ and up to 30,000 market homes on 500 new sites by 2020 in a move designed to help deliver the commitment to create 200,000 ‘starter homes’ over the next five years.
The Prime Minister claimed these moves represented an approach not used on such a scale since the docklands regeneration instigated by Mrs Thatcher and the then environment secretary now Lord Heseltine back in the 1980s.
Meanwhile in a separate but related development the Government has provided nearly £6.3m in funding for 19 Housing Zones around the country designed to kick-start work on brownfield sites that will ultimately deliver thousands of new homes.