Jonathan Werran 22 November 2013

Give LEPs greater housing role, CIH urges Exchequer

Give LEPs greater housing role, CIH urges Exchequer image

Local Enterprise Partnerships (LEPs) should be instructed to maximise the role housing can play in  boosting local economic growth, a lead housing organisation has advised.

In its Autumn Statement submission to the Treasury, the Chartered Institute of Housing (CIH) argues LEPs need to have a better understanding of how business decisions affect housing markets.

But because the £400m top slice of New Homes Bonus cash LEPs will enjoy from 2015 is ‘a very small sum of money’ compared with other big funding pots, such as European Development and Social Funds, there is a risk other priorities might overshadow housing.

The briefing also stated there could be opportunities to strengthen the engagement of LEPs by giving councils the freedom to borrow above the current £2.8bn borrowing cap or pool borrowing as part of City Deals designed to increase housing supply.

The CIH submission restates evidence showing local authorities have an appetite for an additional £7bn debt, which could be used to build 75,000 new homes over five years, help create 23,500 jobs and add £5.6bn to the economy.

‘In the Autumn Statement the chancellor can take concrete steps to address the crisis and at the same time harness housing’s potential to boost our economic recovery,’ said Grainia Long, CIH chief executive.

‘Local authorities would be able to contribute much more to meeting our national supply challenge if government would only give them the tools,’ she said.

‘Local economic partnerships will be critical in driving forward at local level and should look to ensure their plans fully capture the economic leverage offered by housing.’
 

PWLB hike: A rise too far? image

PWLB hike: A rise too far?

What impact will the increase to the Public Works Loan Board rate have on councils’ housing and other capital schemes? Neil Merrick investigates.
SIGN UP
For your free daily news bulletin
Highways jobs

LA Clerk to Governors

North Yorkshire County Council
19,945 - £22,021 per annum pro rata
Looking for Clerks who will work closely with Governing Boards and further build on our reputation of excellence in... North Yorkshire
Recuriter: North Yorkshire County Council

Occupational Therapist Adults Social Care - Early Intervention

Essex County Council
£30300 - £41425 per annum
Job PurposeECC Adult Social Care, through effective practice, is moving towards a transformational shift from a focus on long-term care support, to a England, Essex, Harlow
Recuriter: Essex County Council

Occupational Therapist Adults Social Care - Early Intervention

Essex County Council
£30300 - £41425 per annum
Job PurposeECC Adult Social Care, through effective practice, is moving towards a transformational shift from a focus on long-term care support, to a England, Essex, Harlow
Recuriter: Essex County Council

ASC Occupational Therapist -Early Intervention

Essex County Council
£30300 - £41425 per annum
Please note there are 3 positions available. Job PurposeECC Adult Social Care, through effective practice, is moving towards a transformational shift England, Essex, Harlow
Recuriter: Essex County Council

Business Support Administrator Grade C

North Yorkshire County Council
17.711 - 18.426
You will need to have a natural desire to learn and continually develop your knowledge and skills. North Yorkshire
Recuriter: North Yorkshire County Council

Local Government News

Latest issue - Local Goverrnemnt News

This issue of Local Government News explores how councils can tackle modern slavery and trafficking in their supply chains, finds out more about Cambridge's first cohousing scheme and the launch of a new project to build a shared service pattern library for local government.

This issue also contains a special focus on children's services and how councils are protecting children following local safeguarding children boards being abolished.

Register for your free magazine