A Housing White Paper was released on 8th February by the government, setting out plans to reform the housing market and boost the supply of new homes in England.
Three important changes detailed in the paper that may affect you:
1. Cutting available time for developers to start building on their purchased land from 3 years to 2 years after planning consent… or face compulsory purchase! This will put more pressure on developers and ultimately mean new houses hitting the market faster.
2. Steps taken to address skills shortages for all trades and labour – Further investment to develop skills and promote progressive career paths in the industry. The basic aim being to grow the construction workforce.
3. Encouraging new housebuilding contractors (via the Accelerated Construction Programme) that can build homes more quickly than traditional builders.
This feels like a step in the right direction for anyone working in construction. Farsight CEO, Tom commented:
“This is extremely positive news; it simply means more jobs and more demand for quality construction workers. We already work very closely with established housebuilders across the country, so are very well prepared to support newcomers to this sector. It’s great to know that we will be part of the drive to end the housing shortage in Britain.”
The ‘Accelerated Construction Programme’ will involve partnering with small and medium sized builders to build on public sector sites. This should reduce the average time to build each unit, and we are projecting to see up to 15,000 housing starts over the course of parliament.
Posted 10th February 2017