Delivering homes for London: A new era for joint ventures
6 September 2019
London has a housing crisis; the new (draft) London Plan has refenced a housebuilding target of 66,000 of which 50% needs to be affordable, with 72% at social rent levels. If the capital is to meet this target it will require both the public and private sectors to work together.
With the Mayor setting an ambitious target for the delivery of affordable housing and the desire of the local authorities to deliver new council housing following the lifting of the Housing Revenue Account cap, London First believes that now is the time to bring together the right people from across the public and private sectors.
The breakdown of some high-profile proposed joint ventures has brought to the fore some of the challenges facing both the public and private sectors.
However, effective partnership working between the public and private sectors has resulted in the delivery of new homes across London and the successful regeneration of some of the capital’s estates. This is not without its challenges. With new providers entering the market including London boroughs and modular developers, are existing ways of working still suitable for delivering the 66,000 homes a year that London needs? Or do we need to develop a new model for partnership working between the public and private sectors?
To understand the challenges and opportunities London First is leading a series of roundtable debates on themes related to partnership working. These will focus on developing an understanding of the challenges that the sectors face and bringing about consensus on best practice for partnership working to improve collaboration to unlock the homes London needs. The roundtables will focus on the following areas:
Build to Rent
After each roundtable we will publish blogs from the participants sharing their thoughts.
The first blog follows on from the discussion on trust and Cllr Jayne McCoy, Deputy Leader of Sutton Council and Chair — Housing, Economy & Business Committee, talks about how they worked with residents to develop their local plan.