6 priorities for Norwich North. In her absence whilst she is on maternity leave, her office is pleased to share the following information with you.
New figures show that housebuilding has reached an 11-year high with new building dwelling completions totalling 169,770 in the year to March 2019. This is a rise of 6% compared to the year to March 2018 and constitutes the highest level since September 2007. However, the Government appreciates more must be done to boost housebuilding and support hard-working people onto the housing ladder which is why a package of housing policies have been set out to reach his commitment.
The key actions being taken by the Government include;
· Committing £44 billion to deliver on average 300,000 new homes a year by the mid-2020s, this follows 222,000 homes built last year, the biggest increase in housing supply in England for almost a decade;
· Cutting stamp duty for 95% of first-time buyers and building more affordable homes with 394,000 built since 2010, to ensure the housing market is open to young people;
· Introducing the new National Planning Policy Framework (NPPF) which will ensure that the homes we need are built whilst promoting high quality designs, stronger environmental protections, and giving communities a greater voice about what development looks like in their area;
· Investing more in the Housing Infrastructure Fund taking full investment to £5.5 billion unlocking new homes and building stronger communities. With the first stage of investment seeing up to 200,000 new homes get off the ground, with funding directed towards new roads, cycle paths and flood defences, all essential ahead of building the homes; and
· Abolishing the Housing Revenue cap, so councils can build the homes our country needs. This move will allow councils to double house building to around 10,000 homes by 2021-22.
The work carried out by the Government is important as everyone who works hard should have a home of their own which is why these policies are focused on building the homes that the country needs and builds on the 1.3 million homes built since 2010.