RICS makes statement on UK Government’s National Housing Bank

RICS responds to the UK Government’s National Housing Bank alongside several other measures announced to stimulate investment and certainty in the housebuilding sector.

An RICS Spokesperson, said:

"The launch of a National Housing Bank is a promising innovation which could propel much-needed investment into housebuilding. The industry, and especially SMEs, need all the support they can get for the country to build. Confidence is key if the Government is to meet its 1.5 million home target and new streams of investment and support should invigorate new and existing projects.

"Crucially, this announcement includes a £5 billion grant for infrastructure and land. This investment should help ensure that we not only build new homes but also essential utilities and social services, such as schools; making them places people want to live in that do not strain existing infrastructure.

"This is another piece of the puzzle, alongside planning reform and skills investment which should work lockstep to deliver on the ambitious targets the Government put in place last year."

The Government announcement may be found at this link.

-ENDS-

The Royal Institution of Chartered Surveyors (RICS)

We are RICS. Everything we do is designed to effect positive change in the built and natural environments. Through our respected global standards, leading professional progression and our trusted data and insight, we promote and enforce the highest professional standards in the development and management of land, real estate, construction and infrastructure.

Our work with others provides a foundation for confident markets, pioneers better places to live and work and is a force for positive social impact.

For more information:

Kris Hicks
khicks@rics.org

press@rics.org