Given the lead in times between outline on big sites and development – even with a drop in ‘landabnking’ only a realtively number of extra homes could be buolt by yhe next election. Upping numbers is a long term game. The Tories are paying the consequences years later of Eric Pickles breaking the Planning System for Growth areas/
Theresa May has called Britain’s biggest developers to a Downing Street summit this week after pledging to “dedicate” her premiership to fixing the “broken” housing market.
Government sources said the Prime Minister will “lay down a challenge” to the industry to construct more homes, in a “significant intervention” following her promise to get more people onto the housing ladder.
Leading developers and building firms are expected to attend the summit on Tuesday, together with representatives from local authorities and housing associations.
The meeting comes after Mrs May used her conference speech to identify housing as the central domestic issue on which she will focus in the coming months.
THERESA May is demanding Britain’s biggest housebuilders construct more homes.
The PM will hold a No10 summit with their bosses next week, we can reveal.
Tuesday’s showdown comes as Downing Street runs out of patience with the sector, as James Forsyth reports in his Sun column today.
Senior Cabinet ministers admit the Tories will not win the next election unless they can solve the housebuilding crisis.
One told The Sun: “We have to get more homes built, it’s as simple as that. If we can’t get more people owning homes by 2022 we’ve lost.”
Earlier this year, ministers threatened to punish housebuilders who did not develop plots they own. They believe they sit on land to wait for prices to rise.
Communities Secretary Sajid Javid published proposals to “use it, or lose it” amid fury at the slow pace of construction.
He also laid out plans that would force councils to approve more homes if prices get too high. Consultation on his Housing Strategy ends next week.
A report by the Civitas think-tank last year, meanwhile, revealed two million planning permits were issued between 2006 and 2015, yet foundations were laid on only 1.3million.
The Tories have promised a million new homes by the end of the decade. Mrs May used her conference speech to pump £10billion into Help to Buy and to step up a council house building. No10 refused to comment.