London authorities eye return to housebuilding
Tue 26th June 2012, 5:24 pm
More than half of the capital's local authorities are looking to restart housebuilding programmes, and some are even in cross-boundary collaboration talks, the SocInvest 12 conference has heard.
A majority of the capital's boroughs are at least considering a return to housebuilding
Nigel Minto, head of housing and planning at London Councils, told today's (June 26) event that there was a significant degree of activity in the sector.
Delegates heard that Croydon, Islington, Hillingdon, Camden, Ealing, Hackney, Newham, Wandsworth and Southwark were among the boroughs actively exploring a return to housebuilding, although the collaborating councils were not identified.
Minto said: “Two or three boroughs are talking about working together. It’s more about shared services and procurement and how they can take costs out of the model.”
He said the theme of the next few years would be ways in which a pan-London housing strategy could be created, in particular a potential local-authority owned vehicle that invests in new-build in other London boroughs.
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