Red tape biggest barrier to government target of 300,000 new homes a year


  • Date: 05/07/2018

Bureaucracy, lack of cooperation and a dwindling SME builders market are the main blockades to reaching the government’s ambitious housing targets according to panellists at an event held by BLP Insurance and the British Property Federation on 3 July 2018.

The seminar, chaired by Liz Peace, CBE and Chair of the Old Oak and Park Royal, and with panellists Gareth Blacker, General Manager Homes England, Rowland Thomas, Director Close Brothers Property Finance, Ian Fletcher, Director of Policy the British Property Federation and Kate Davies, CEO Notting Hill Genesis,  sought to address how the Government intends to deliver on its target of 300,000 new homes per year. 

In a wide-ranging and lively debate, in front of a packed room, the panellists discussed the major issues plaguing the housing industry and suggested how progress could be made.

Government intervention in housing, the critical role of the Build to Rent (BTR) sector, how to mobilise SME builders and the simplification of the planning system were among the hot topics deliberated. Ideas put forward by the panel to galvanise the housing sector included wholesale and meaningful reforms to the Compulsory Purchase System (CPO), additional government funding for housing associations, wider cooperation between all stakeholders in the UK housing market and more effective harnessing of the expertise present in the industry.

Kim Vernau, CEO at BLP Insurance said, “It’s vital to continue to debate the issues that affect the housing sector and its ability to deliver on government’s targets. This event provided the ideal opportunity to get the perspective from  many sectors of the housing market, from financers to housing associations to government, on what is working well and what needs to be changed. The housing sector has to deliver and all sectors must collaborate to address the critical blockages that remain in the process. Progress can only be made through frank and open-forum discussions like these.”

ENDS

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Notes to editors
‘Great Expectations - How will Government achieve its target of 300,000 new homes?’ took place on 3 July 2018. The event was hosted by BLP Insurance in conjunction with the British Property Federation, chaired by Liz Peace, CBE and Chair of the Old Oak and Park Royal Mayoral Development Corporation and included the following speakers:

• Gareth Blacker, General Manager Infrastructure & Complex Projects, Homes England
• Rowland Thomas, Director, Close Brothers Property Finance
• Kate Davies, Chief Executive at Notting Hill Genesis
• Ian Fletcher, Director of Real Estate, British Property Federation

About BLP Insurance
BLP Insurance offers housing warranty insurance and commercial development latent defects insurance underwritten by Allianz Global Corporate & Specialty SE. Our insurance is a compelling alternative to the 'traditional' 10 year new home warranty solutions and our commercial latent defects insurance product is the most comprehensive in the market. Unlike traditional new homes warranties, BLP’s insurance covers the building – not the developer – and does not ask developers to pay up front registration fees, ongoing membership fees, bonds, guarantees or deposits. For claims, only proof of damage is required not proof of liability. BLP’s cover is approved by all of the major British mortgage lenders.

We provide peace of mind for homeowners and protect their investment from the risk of undiscovered defects, because: our insurance policies are backed by an AA rated global insurer; we will have properly assessed the build project from design through to workmanship on site, to help minimise the chance of future defects; and if a defect does arise the homeowner won't have to prove who is to blame, just that there is a defect.

We have been providing construction insurance since 1999. We are owned by Thomas Miller, a world class insurance services business at the forefront of the insurance industry for over 125 years. BLP Insurance is regulated by the FCA.