Bidding starts for new age of council house building

Aaron Morby 12 months ago
Share

The Government today paved the way for the next generation of council housing by inviting local authorities to bid for a share of £1bn extra borrowing headroom.

Council's with highest affordability pressures will be able to borrow more to fund council house building

This £1bn borrowing cap raise will be split equally between London and the rest of England. It will be granted to areas with the highest affordability pressures to ensure homes are built where they are needed most.

These new measures are part of the government’s ambitious plans to build 1.5m new homes by 2022 through planning reform and targeted investment.

The government also revealed that £1.67bn of previously announced housing funding would be used to build 23,000 affordable homes, including 12,500 for social rent.

James Brokenshire, secretary of state for housing, said: “Today’s announcement is a further milestone. It will secure the delivery of an additional 23,000 much-needed affordable homes as well as paving the way for a new generation of council houses.

The majority of these new homes will be in high cost areas helping to ease the burden of rent on families and delivering stronger communities.

A list of successful councils will be announced in the autumn. Successfull local authorities will be able to draw down additional borrowing from April 2019 onwards

At the high point, councils were building more than 120,000 homes per year. But in the 1970s and 1980s this fell to an average of about 60,000 completions each year and to an all time low of just 50 dwellings in 2000.

Delivery has since increased and local authorities are now building around 3,000 homes per year.


Latest news

Skanska wins £56m Derwent London office job

Old Street office scheme will look like four different buildings
7 hours ago

Industry steps-in to save stranded Shaylor trainees

Former rivals pledge to pay university fees for undergrads left with tuition bills by Shaylor
8 hours ago

Serial construction late payers could finally face fines

Industry sceptical as Government talks tough again over late payers
21 hours ago

Go-ahead for latest £54m London cycleway

Summer holiday working and longer hours in bid to cut construction traffic chaos
12 hours ago

Shaylor leaves trainees with unpaid university bills

Stunned staff discover their university fees have gone unpaid for more than a year
22 hours ago

Green light for £195m London student tower

Unite returns to central London with 900-bed Aldgate student complex
12 hours ago

Fulcrum Utility appoints former Byrne Group FD

Gas and electrical infrastructure contractor appoint Daren Harris as financial chief
12 hours ago

Boost your online presence – join the Enquirer Directory

Site for suppliers and buyers showcases products, services and latest stories
1 year ago

Atkins hires Morgan Sindall development boss

Nick Towe will drive expansion of Atkins' MetroHome business
21 hours ago

Shaylor owed subbies “more than £17m”

Supply chain left in the lurch again as anger rises over latest contractor failure
2 days ago

Restructure returns Sir Robert McAlpine to profit

McAlpine delivers £7m profit in turnaround year after £3.8m in redundancy pay-outs
2 days ago

Berkeley Homes ups major site starts despite 20% profit fall

Chairman Tony Pidgley says firm is entering a new investment phase targeted at longer-term regeneration sites
1 day ago

Severfield warns steelwork tender margins tightening

Steelwork contractor reports awakening bid activity in London office market
1 day ago

Plan to start £85m Eden Project North in 2020

Five giant mussel-shaped domes planned as Morecambe Bay seafront attraction
2 days ago

Bridge construction uses mountain building techniques

First steel sections installed at stunning Tintagel Castle bridge
2 days ago

L&G retirement homes arm boosts management team

Lovell director joins to oversee planned £2bn construction programme
1 day ago

27% of roof steel stripped from HS2 station design

Value engineers save £7m on Balfour Beatty/Vinci's Old Oak Common station project
2 days ago

Scape slashes firms on next generation Venture framework

Venture Framework contractors cut from 13 to six firms
3 days ago

Galliford Try Partnerships buys northern builder

£62m turnover Strategic Team Group to be renamed Galliford Try Partnerships Yorkshire
3 days ago

FRP Advisory appointed Shaylor administrator

Administrator confirms around 200 redundancies at collapsed Midlands contractor
3 days ago

Buckingham bags relief road for HS2 village

New route will spare Northamptonshire village from site traffic
3 days ago

Skills card scheme shuts safety test loophole

Tightening up of rules will see everyone sit a current CITB safety test
2 days ago

Kier cutting 1,200 jobs and selling housing arm

Contractor quitting non-core operations as debt levels rise again
4 days ago

Shaylor staff laid-off by Sunday morning email

Over 200 staff to be axed as directors confirm Shaylor is heading for administration
4 days ago

Willmott Dixon margin hits 2.8% as profit soars

Group builds cash reserve to weather further Brexit project delays
4 days ago

Multiplex brings profit back on track

Profit recovers to £18m on revenue of £1.1bn
3 days ago

Roof safety horror show lands contractor in court

Photos show roofers risking their lives after HSE had already served a stop notice
4 days ago

United Living wins £18m Poole tower blocks revamp

Project Admiral will see four housing tower blocks upgraded
4 days ago

Shaylor files notice of intent to appoint administrator

Subcontractors walk off sites as Midlands contractor seeks extra finance
6 days ago

Bidders day for £900m Heathrow rail tunnel project

Planned 6.5km rail link between the Great Western Main Line and London Heathrow Airport
7 days ago

Contractor services