Wednesday, 1 July 2020
Prime Minister’s Cash Injection Investment to Kick Start the Economy
Yesterday, at the end of June, 3 months after the UK and its economy was forced into an emergency stop, the Prime Minister set out his vision for investment to help the UK to “build back better” after the Covid-19 pandemic.
Two of the key themes covered in the speech were reforms to
the planning system and investment in infrastructure
Reforms to the planning system in England
In a concerted effort to reinvigorate the economy after the
Covid-19 pandemic, more detail was set out in a Government press release on the
proposed reforms to the planning system in England. The references included the
Change of use (Legislation is to be brought into force by September 2020)
To allow more changes of use for existing commercial property, including making it easier to convert commercial to residential, re-use brown-field sites for residential and make it easier for space to added above existing properties.
Planning policy Reforms – (Policy Paper to be launched in July)
Including plans for a £12bn Affordable Homes programme for 180,000 new homes, a £400m Brownfield Land Fund for areas including the West Midlands and a Home Builders Fund to help facilitate new housing developments.
Investment in infrastructure
The Government press release on investment in roads and rail
confirms investment of £100 million across England to improve the quality of
local roads and improvement across all road, rail, air and sea links.
proposals are fairly vague, and more detail will be forthcoming from Government
in the coming weeks and months.
If you would like to discuss any aspects of planning, are looking for development land or are considering selling land on option & promotion, or you would like to have a conversation about land or building options for diversification, please contact one of our offices for a no-obligation consultation.
- Ashby 01530 877977 option 2
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