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Autumn Statement 2016: Capita comments on new funding for housing

23rd November 2016

In today’s Autumn Statement, the chancellor announced a number of new measures designed to increase housebuilding in the UK.

Jules Bickers, from Capita’s Real Estate and Infrastructure team said: “Many expected some significant new funding for the housebuilding industry in the Autumn Statement, and the Chancellor hasn’t disappointed. In a fast-changing political climate and with concern mounting about the housing shortage it is pleasing to see the government working to encourage delivery by providing a lower risk development environment to developers, funders and new entrants to the housebuilding sector.

“It’s clear from the Chancellor’s statement that local authorities are in the driving seat when it comes to infrastructure investment. What is important is that local authorities and house builder’s work together on the delivery of new homes from land release, funding and planning through to construction.

“The £2.3bn housing infrastructure fund will help to unlock development value in areas where we need it the most; lowering the risk of investment and helping to drive further growth.

“The Chancellor’s statement today should provide some of the certainty that we – and others – have been looking for, particularly where developers, public and private, can cleverly match and build funding streams to lower risk and increase development ambition.”

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