Twenty-five firms, including housing associations in partnership with contractors and mainstream house builders, have made the London Development Panel to deliver a massive work programme over the next four years.

London Mayor Boris Johnson said he hoped selected firms would build £5bn of housing-led, mixed-use development on public land, helping to deliver his ambitious 50,000 new homes target.

The Mayor inherited from the Homes and Communities Agency responsibility for delivering the affordable homes programme in the Capital last year.

The targeted pipeline of new housing work overshadow’s the HCA’s remaining delivery partner panel covering the rest of England, which is expected to deliver £4bn of housing development over the same period.

Developers will be able to build out sites before paying for land on several schemes taking much of the risk out of development.

Binding development agreements will be signed with the firms to avoid land banking.

The panel will be managed by the Greater London Authority with the support of Transport for London, which is acting as procurement agent.

Mayor Boris Johnson said: “The demand for housing in the capital is reaching unprecedented levels making the potential for development on public land far too important to ignore.

“The London Development Panel will act as a one-stop shop for public land owners in the capital, making it quicker, easier and cheaper for them to bring their land forward for development, increasing the number of homes being built, creating jobs and boosting the capital’s economy.“

Sir Steve Bullock, London Councils executive member for housing, said: “London is in the grip of an acute housing crisis and we need to build new homes urgently.

“This new London ‘one stop shop’ list of potential developers means that all of the public sector will have access to a select list of carefully vetted developers in order to support the building of new homes on land owned by the public sector. Investing in housing not only helps tackle the current shortage of affordable homes, but also creates jobs and stimulates growth.”