This policy commits the government to overseeing the building of 160,000 houses on publicly owned land. To achieve this the government have sought to sell off land to developers which is either unused or expendable to a) make room for the houses and b) help finance the project.
To achieve this the government have sought to sell off land to developers which is either unused or expendable to make room for the houses and help finance the project. This land sale is a continuation of a commitment first made in the 2015 Spending Review.
In February 2017, it was announced that 91% of the land required for this building pledge had been allocated. In August 2017, £54 million had been designated to incentivise local government to sell land to developers.
Moreover, a fund of £48 million known as the Land Release Fund was made available in February 2018 which is to be received by local councils to aid them in making the designated land sites suitable for developers to build on. Thus far, 79 projects across the country have been targeted as beneficiaries of this fund.
The government have clearly made progress on their pledge. The financial incentives and site allocations evidence this. There are, however, concerns about whether they are on schedule with the construction. Consequently, we assess this policy as ‘in progress’. It will be ‘done’ when all the required land has been earmarked and developers have been selected to carry out all the building projects.
Want more details?
- Press release: Boost for housing as government puts hundreds of acres of land up for sale – Gov.uk
- Land Release Fund Announcement – Local Government Association