Promising signs on funding and new towns
Posted: February 19, 2025 Filed under: Affordable housing, New towns Leave a commentOriginally written as a column for Inside Housing.
After a relentless week of grim international news, it’s good to have something to celebrate on the domestic and housing front.
Until the spending review in the Spring, any assessment of the government’s overall approach to housing will have to be provisional but this week brought some hopeful signs.
First up was the announcement of an extra £300 million for the Affordable Homes Programme (AHP), plus for more temporary housing, then confirmation that this is in addition to the £500 million announced in the Budget in October.
At the time that seemed a little underwhelming given advance speculation that an extra £1 billion might be available but it now seems that some of that was held back.
True, the additional 7,800 affordable homes promised will only make up for a small part of the 50,000 to 70,000-home shortfall against what the 2021-26 AHP was originally expected to deliver, but that still represents a significant short-term boost for this year and lays down a marker for the future in the spending review.
It also recalls the last couple of years of the last Labour government, when regular announcements of extra investment added up to something more significant over time.
Next up, and more for the long term, is the announcement that more than 100 sites across England have been put forward as candidates for the next generation of new towns.
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