View more on these topics

One million homes to be built in two UK regions

Over one million homes will be built in the East Midlands and the South West region by 2026 if government plans to tackle housing shortages are given the green light.

A statement released by the Department of Communities and Local Government today has outlined a number of changes to the East Midlands and South West’s Regional Spatial Strategy, the main policy document setting out government strategy for regional growth and development.

Subject to a 12 week consultation period proposed changes to the South West include a 29 per cent increase in housing provision to 29,623 per year until 2026, plus an increase in the affordable housing target to 10,000 homes each year until 2026.

Communities minister Baroness Andrews said: “The South West needs a long term development vision that tackles the threat of climate change, addresses housing shortages and strengthens the region’s economy.”

Changes proposed for the East Midlands include 21,750 new homes to be built each year up to 2026, a regional total of 527,725 homes, plus new affordable housing provision to be increased to 168,400.

The public consultation on the proposed changes will last until October 17.

Recommended

Broker Talkback

Should advisers who want to retire by 2018 not be forced to reach diploma level as part of the retail distribution review as long as they do a single supplementary exam?

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com