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PLANNING REFORM GREEN PAPER ANNOUNCED FOR 2019

While Brexit has undoubtedly been the main focus in the UK so far in 2019, it cannot be denied that the UK housing crisis is still very much in evidence. House prices may be fluctuating, but demand for homes in the UK still far surpasses the number of available houses and therefore the need for an increase in the number of new homes being built is still a priority.

This month, the Secretary of State for Housing, James Brokenshire, has announced a green paper to be released later in the year that will focus on improving the planning process in order to reduce planning delays and increase the number of new homes being developed each year. According to Mr Brokenshire however, it is not just about getting the numbers up.

At a recent Home Builders Federation’s policy conference, he announced that quality needs to be a focus too. He said, “I don’t want to tell people what to build, but I do want to ensure that the next generation of homes we build are ones of which we can be proud. And I know that there are a number of developers who are delivering on this, who are following through on this, and I think are setting that lead for the industry but we cannot be blind to the wider challenges the industry faces.”

A reform of the planning process could spell good news to developers across the country currently awaiting the green light on residential developments, and land owners looking to sell their land alike.

Whilst focusing on increasing the number and quality of new homes across the country is undoubtably important, a focus also needs to be placed upon identifying more suitable land sites for development.

At Intro Crowd, we give qualified investors the opportunity to collectively fund the purchase of strategic land sites across the country. These sites are greenfield by nature and therefore have no history of prior development. They’re typically located close to existing settlements and therefore have good road access as well as access to local amenities such as shops, schools and medical facilities. It is this that makes them sustainable in nature and therefore attractive to house builders.

Once these sites are fully funded via our online platform, our experienced Planning Team will put them through the planning process, and if consent is granted will aim to sell them on to a house builder for residential development.

For more information on anything mentioned in the article above or to learn more about Intro Crowd, please do not hesitate to contact us on +44 (0)20 7118 4040 or via email at incrowd@introcrowd.com

This article is for educational purposes only and does not constitute investment advice. This article does not amount to an invitation or inducement to buy or sell an investment nor does it solicit any such offer or invitation in any jurisdiction.

In all cases, readers should conduct their own investigation and analysis of the data in the article. Readers are strongly encouraged to seek independent legal and financial advice when considering an investment in strategic land. All statements of opinion and/or belief contained in this article and all views expressed and all projections, forecasts or statements relating to expectations regarding future events represent Intro Crowd’s own assessment and interpretation of information available as at the date of this article.

No responsibility or liability is accepted by Intro Crowd or Sapia Partners LLP for reliance on the contents of this article.

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