News - 24 February 2017

Latest Government plans for housing seeks business views

Businesses, local authorities, property developers and the D2N2 Local Enterprise Partnership (LEP) came together earlier today (Feb 24) in Nottingham, to give their views on Government’s new White Paper, entitled: ‘Fixing Our Broken Housing Market’ – the first of its kind issued in ten years.

Minister of State for Housing and Planning, Gavin Barwell MP, visited Nottingham earlier today (February 24), to hear the views of local authorities and businesses on the Government’s new house building strategy, detailed in the recently published White Paper entitled: “Fixing our Broken Housing Market”. Today’s visit was held as part of a series of national events held in London, Birmingham, Manchester, Cambridge, Gateshead, York, Taunton and the South East and featured representation from the D2N2 LEP.

D2N2 is the LEP for the Nottinghamshire and Derbyshire area and works with businesses, local authorities, skills and training providers and community and voluntary organisations to grow its economy, with the aim of creating 55,000 new jobs in ten years (2013-2023). In detailing how this would be done, D2N2 created the D2N2 Strategic Economic Plan (SEP), which gave an overview of the D2N2 area, highlighting its strengths and any areas in which it could grow. In its SEP, D2N2 also showed how it would aim to deliver 77,000 new homes in the same ten year period and it continues to work with its business community on projects to help achieve this.

Recent housing projects that the D2N2 LEP has been involved with include the investment of £850,000 in the Castleward Derby project through D2N2’s Growing Places Fund – set up to accelerate developments which have stalled due to funding gaps. This will consist of 800 new homes and 34,550 square feet of commercial space, across 30 acres of land when completed.

Government’s overall objectives in its new strategy are to increase the supply of homes and improve affordability both in rental and purchase, with the ambition ‘to make a home within reach of everyone’. The strategy’s main aims include making more surplus public land available, making it easier to re-use brownfield land and build homes on small sites, boosting the capacity and capability of planning authorities to ensure sites with permission are built on, helping small and medium sized builders access local finance and small sites and helping those who are currently priced out of the market.

D2N2 Chief Executive David Ralph (pictured), who was at today’s event, said: “Homeowners have a real stake not only in the economy but also their local areas. In creating a plan for the construction of more housing, Government is taking a definitive step forward in helping residents and people to gain a much firmer grounding in their communities and contribute to the local economy, making the D2N2 area a better place to live, work and invest.”

For more information on the Government’s White Paper: ‘Fixing Our Broken Housing Market’, click here.

For more information on Growing Places Fund in Nottinghamshire and Derbyshire, click here.

For More Information on the above release, please contact:

Sean Kirby

D2N2 Communications Manager

01159 578749

sean.kirby@d2n2lep.org

 D2N2 logo CMYK

Sam Burbage

D2N2 Social Media and Marketing Officer

01159 578254

sam.burbage@d2n2lep.org

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