While signing hats emblazoned with the slogan “Build Baby Build”, Reed said that his “new generation of new towns” will “put the dream of homeownership back in the hands of young people”.
In the coming weeks, Reed is expected to announce “an acceleration package” of planning reform in a bid to go further and faster than his predecessor in meeting Labour’s pledge to build 1.5 million homes over this parliamentary term – a target experts don’t believe the party can meet.
It is a perilous time for Britain’s housing market.
“We have a housing crisis in this country, and young people in particular are finding that so much of their earnings goes to pay rent because there aren’t enough affordable places to rent and they can’t find places to buy,” Reed said.
Reed signs a ‘Build Baby Build’ hat – in front of a sign declaring himself a Labour YIMBY (yes in my back yeard) (Photo: Danny Lawson/PA)However, earlier this month that pledge looked likely to be broken when official data showed that planning approvals for new homes in England had fallen to a record low.
Reed stood before Labour’s annual conference in Liverpool on Sunday and announced the government’s intention to build 12 new towns across England, with spades hitting the ground in three locations before the end of this parliament.
“These won’t just be rows of houses,” Reed said. “They will be whole communities with public services, green spaces and investment for jobs.”
However, the original post-war new towns, built with the backing of Labour’s post-war prime minister, Clement Attlee, had something that Reed’s do not: huge loans from the Treasury.
Over the summer, Pennycook confirmed a total of £39 billion for affordable housebuilding. However, some of that funding will not be delivered within this parliament.
Saying he will work with the London mayor on a “targeted package” of planning support raises the stakes for the government as they attempt to meet a housebuilding target which experts – from major housebuilders to planning barristers – have told The i Paper is “almost impossible to hit”.
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Peter Apps, an expert housing journalist who followed the Grenfell Inquiry and authored the books Show Me The Bodies and Homesick, said that some of the projects in the backlog “are delayed because the applicants haven’t proven they will build something safe and compliant”.
Reed must not put quality above quantity, the housing expert said. “Badly built buildings won’t solve the housing crisis.”
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