Prime Minister David Cameron and Deputy Prime Minister Nick Clegg have announced new measures to boost the housing industry, which will include up to 70,000 new homes, as well as affordable housing and opportunities for first-time buyers to get onto the housing ladder.
The package is designed to create 140 000 jobs and will provide a much needed boost to the construction sector. Plus there will be a £40bn guarantee for major infrastructure projects and £10bn guarantees for new homes This includes a series of measures aimed at supporting businesses, developers and first-time buyers, while cutting unnecessary red tape across the planning system - which currently can tie applications up for months.
The measures include:
David Cameron said: “The measures announced today show this Government is serious about rolling its sleeves up and doing it all it can to kick-start the economy. Some of the proposals are controversial; others have been a long time in coming. But along with our Housing Strategy, they provide a comprehensive plan to unleash one of the biggest homebuilding programmes this country has seen in a generation. That means more investment around the county; more jobs for our people; and more young families able to realise their dreams and get on the housing ladder.”
The deputy prime minister Nick Clegg said: “This is a Coalition Government, determined to get on with the job of delivering a healthier economy. Today’s major boost to housing and planning will make it easier to build a home, easier to buy a first home and easier to extend a home. A boost that will get Britain building again. Building thousands of affordable homes and generating thousands of new jobs.”
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