Conclusions from Budget Day CEO Forum in Birmingham01 December 2017
As Government put housing at the heart of the first Autumn Budget, the midday announcements co-incided with our 22 November CEO Forum in Birmingham and gave early reaction to the impact on the West Midlands.
The conclusions of the Forum are:
- An integrated pipeline of local housing sites is essential to support delivery. Housing associations are working together with local authorities to make a combined multiple development offer which will have a greater impact than individual delivery.
- In Birmingham, demand for general housing and older persons housing needs to be delivered as well as housing for build to rent and student housing.
- There are opportunities for modular and volumetric construction. The model also helps to support and retain a dedicated workforce. New entrants are relying on a link-up with larger well known contracting firms to get access to opportunities.
- The government focus on local needs, communities and place is welcomed.
- The Budget announcement of the direction of 300,000 new homes by the mid-2020s effectively requires a 50% increase in delivery.
- LEP support for land remediation is critical in many areas of the Midlands with so many brown field sites likely to be needed for housing.
- The definition of ‘high demand’ areas where local authority investment caps will be lifted post Budget could stimulate delivery when it is introduced (likely 2012) but the real issue is the maintenance of adequate rent levels so that housing associations and councils can invest in and cross subsidise new opportunities.
- The Budget confirmed that the Right to Buy pilot for housing association tenants will start in the Midlands.
This forum was hosted by our members calfordseaden.
The summary of discussion is available here.