Prime Minister Rachel Reeve explained in a wide range of business leaders explaining how government plans have grown, and outlines many essential construction plans.
In her speech, Rids emphasized the slow planning system in the UK. She promises to review the guidance of the government’s establishment of major projects to support the wealthy investment in southeast England.
One of the outlined items is the plan to re -develop the old Traford football field of Manchester United.
It is expected that Old Trafford plans to use the three railway freight terminals to use public funds to prevent reconstruction.
Andy Burnham, Mayor of Manchester, promised that the plan would mean 5,000 new homes and create a second “large football campus” in the city.
The Prime Minister also talked about the “Growing Corridor” between Oxford and Cambridge, and she claimed that it might be “Silicon Valley in Europe”.
Reeves is linked to this, announcing that Cambridge University’s plan to open an innovation hub in the city center. This will also see the construction of 4,500 new houses after the environmental institution has abandoned the opposition.
The industry responded differently to Rids’s speech.
Co -chief business official Ryan Etchells commented: “The Prime Minister’s commitment to our own Silicon Valley connects Oxford and Cambridge as a headline news, but it is not enough to release the growth of most British SMEs. Essence
“The government’s measures to raise the agenda are extended nationwide. Picking out the two richest regions of Britain will never fully answer greater growth and housing problems.
North/South Branch
“Building a house in the Oxford-Kambridge Corridor is a factor, but if there is no policy to support those who are not suitable for the” perfect mortgage mode ‘”, they will still face challenges. Moreover, most of them need to focus on family counties and capital. Regional disturbing. “
Christopher Blewitt, director of the mortgage distribution of the Darlingon Construction Association, also adopted a similar ranks.
“It is encouraging that the Prime Minister announced the plan of Oxford and Cambridge to build a” European Silicon Valley “plan, including the construction of a new house. As a country, we are very important. You can buy your own house for the first time, and you can put your own house on the general purchase market. “
“In our heart, we saw the average price of the first home buyer to 123,000 pounds in November 2024, 7.8 % higher than the average £ 114,000 in November 2023. Therefore Initiative to make more affordable houses available. “
Planning process
Terry Woodley, the general managing director of SHAWBROOK, commented: “Reducing the plan of planning and simplified process will play a vital role in achieving ambitious 1.5 million new house targets.
“Although it is active to see the Prime Minister’s solution to the change of the labor people, this is not the only answer: you need to take multiple methods to truly solve the problems currently facing developers.”
“It is very interesting that the government has adopted a proposed next step, including simplifying a set of national policies to formulate decisions to better guide local authorities’ plan decisions.
“However, this does not solve the recruitment and training of other planning personnel who takes time or the shortage of the industry’s skills. The government must give priority to effective and comprehensively plan to start progress and release the potential for the entire house construction in the UK.”
Etchells specially responded to the old Trafford plan: “Although we agree to the football club should pay the bill for the re -development of the Old Trafford Stadium, because the real estate loan of the headquarters in Manchester we need to see How the government plans to support the project with a broader regeneration in the region, which will provide excellent opportunities for residential and commercial investors and developers. “
He added: “Everyone is trying to update the housing plan in the north and ensure that plans to promote economic growth fairly before starting taxes before the tax rates in April.”
