Policy and Politics roundup

Thursday 18 June 2015

In partnership with Lansons, we provide a roundup of the goings-on across the country last week including new homes and the Building Societies Association report

Scottish Government: Pension fund millions to build new homes
On Monday, 8 June Falkirk Council announced that it has awarded £30 million from its Local Government Pension Scheme to fund manager Hearthstone Investment in order for it to invest in social and affordable housing in Scotland.

Hearthstone predicts its ‘Housing Fund for Scotland’ fund will achieve £150 million in total investment from a number of pension funds, delivering over 1,000 affordable and private rented homes.

Department for Communities and Local Government: 1,000 new homes for private rent in London
On Wednesday, 10 June Housing Minister Brandon Lewis announced three multi-million pound deals to provide over 1,000 new homes specifically for private rent in London.

Speaking at the London Real Estate Forum, Lewis said that said the completion of these three deals will provide good quality rented homes for tenants “well into the future”.

Lewis added that the homes will be built in some of the capital’s most sought-after locations – including the newest neighbourhood in Stratford’s Olympic Village site.

Building Societies Association: BSA calls on Welsh housing market to keep up with rising demand
Also on Wednesday, the Building Societies Association published a new press release, ahead of its ‘Housing for All’ conference in Cardiff, calling on all parts of the Welsh housing market to work together to ensure the supply of new housing in Wales keeps up with rising demand.

Delegates to the conference included local authority representatives, estate agents, developers, housing associations and building societies to discuss the problems and opportunities facing the Welsh housing market.

Department for Communities and Local Government: Britain is building again
DCLG announced on Thursday that it has provided 800,000 new homes since 2009.

The figures highlight an increase of 795,000 new homes since 2009. The annual increase is 173,000 homes between March 2014 and March 2015.

DCLG added that the official figures, published by the Valuation Office Agency, show the government’s plan, to help hard-working families achieve their dream of home ownership and boost jobs and growth in the British house building industry, is working.