On 6th September 2012, Prime Minister David Cameron, Deputy Prime Minister Nick Clegg and Secretary of State Eric Pickles, set out a major housing and planning package. This paper summarises that package.
The package included:
This new package is said to include a series of measures aimed at supporting businesses, developers and first-time buyers, while slashing unnecessary red tape across the planning system.
The government clearly sees the expansion of the private rented sector as the main way in which housing supply can be increased in the medium term with most of the guarantees being available for private sector development. Increased affordable housing is seen as playing a supporting role.
The government also sees planning restrictions and ‘red tape’ as constraints on the development of new housing. However, others are unconvinced by this argument and point out that many housing developments have already received planning permission but have not been started for economic reasons. There are also fears that the relaxation of rules surrounding section 106 agreements will result in a reduction in affordable housing and may not result in an increase in market housing.
To download a copy of the full briefing paper please click here.