Laura Sharman 27 October 2021

Budget 2021: £24bn multi-year housing settlement

Budget 2021: £24bn multi-year housing settlement image

The chancellor has today announced £11.5bn to build up to 180,000 new affordable homes, calling it the largest cash injection in more than a decade.

In his Budget and Spending Review announcement, Rishi Sunak outlined investment in housing worth nearly £24bn.

The package includes the £1.8bn already announced to deliver new homes on 15,000 hectares of brownfield land. Earlier this month 53 councils were awarded nearly £58m from the Brownfield Land Release Fund to deliver an extra 5,600 homes on derelict land.

Peter Hawthorne, chief executive of LCR, called on the Government to combine efforts to bring forward brownfield land with the planned transformation of regional transport hubs.

'When ironing out the practicalities of the £1.8bn brownfield fund, the opportunities available on transport-linked land should not be overlooked. There is space for tens of thousands of homes on brownfield sites surrounding the UK’s railway network,' he said.

Mr Sunak also said a new tax on property developers would help pay for the removal of unsafe cladding.

He said: I am also confirming £5m to remove unsafe cladding from the highest risk building, partly funded by the residential property developers tax.’

The tax will be levied on developers with profits over £25m at a rate of 4%.

Mary-Anne Bowring, group managing director at Ringley Group, commented: ‘A blanket tax on developers is fairer than leaving leaseholders to shoulder the burden but it is still a blunt instrument to use to fix the cladding crisis.

’Fundamentally, accountability should fall squarely on those who overlooked the potential hazards of unsafe cladding in the first place.’

Today’s announcement also included £640m to tackle homelessness.

He said: ‘We’ve reduced rough sleeping by a third but we will go further with £640m a year for rough sleeping and homelessness - an 85% increase in funding compared to 2019.’

Taking action on condensation and mould image

Taking action on condensation and mould

Condensation and mould can be a recurring problem that social housing landlords can find difficult to deal with, but to comply with the Homes Act it is essential landlords tackle it effectively when it occurs in their properties. Tom Wodcke explains.
For your free daily news bulletin
Highways jobs

Environmental Health/Environmental Protection Officer - Noise

Tower Hamlets London Borough Council
£41,607.00 - £44,598.00
This post attracts an essential car user allowance. The post holder is able to take part in the Council's flexible working scheme. Tower Hamlets, London (Greater)
Recuriter: Tower Hamlets London Borough Council

Director of Financial Services (Deputy Section 151)

London Borough of Waltham Forest
£110,118 to £118,864
his is a great opportunity to develop the skills and knowledge that will lead to becoming a Section 151 Officer. Waltham Forest, London (Greater)
Recuriter: London Borough of Waltham Forest

Director of Business Development

North Yorkshire County Council
50-60k + relocation allowance
We are looking for a dynamic and innovative person to help us deliver our ambitious new strategic objectives set out in... North Yorkshire
Recuriter: North Yorkshire County Council

Strategic Service Manager - Bridgend Youth Justice Service

Bridgend County Borough Council
£44,863 - £45,859 per annum
An exciting opportunity has presented to lead Bridgend Youth Justice Service. Bridgend (Pen-y-bont ar Ogwr)
Recuriter: Bridgend County Borough Council

Corporate Property Surveyor

Ashford Borough Council
£34,476 to £37,158 pa - plus Lease Car or Cash alternative of £2,080 pa
Ashford Borough Council has a long and proud record of driving high quality place making. Ashford, Kent
Recuriter: Ashford Borough Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue