Keeping London at the forefront of global business
working with and for the whole UK
Right now, housing providers need more certainty if they are to ramp up supply
14 January 2021
Today’s housing figures show the scale of the challenge facing those aiming to ensure London has sufficient housing. The long-standing pressure on housing supply in the capital has become more acute, and COVID-19 related disruption is set to continue well into 2021. London First has always been clear that there’s no simple solution to this challenge and that it will take developers, investors, London boroughs and central government working together to develop joint solutions. From today’s news we can see this collaboration needs to happen at speed.
We also can’t forget that COVID-19 has asked some fundamental questions about what we want from our housing – the rise of home working and the ‘race for space’ has meant new developments must be tailored to peoples’ evolving needs. With further demands on the horizon, including the potential for new environmental standards, its clear people need reliable insights into what’s coming next if they are to successfully adapt.
Changes to the type of homes people want are just one type of transformation that those responsible for housing supply must consider. We’ve also seen how the planning system is set for a ‘once in a generation’ reform, as described in the Planning for the Future whitepaper, but we’re still waiting for details of how this will work in practice to resolve longstanding concerns around housing development in the capital. London First and our partners have argued that the planning system must also support long term economic growth. Allocating land to support jobs growth is as fundamentally important to creating sustainable communities as the delivery of new homes. But are there any examples of places getting this balance right and what lessons can be drawn from them?
As London strives to do all it can to respond to the ongoing COVID-19 emergency and prepare for a subsequent recovery, there are legitimate concerns that the pressure on housing supply could hamper our city’s competitive future as a leading global destination for business collaboration and innovation. But innovation and collaboration are also two essential components in solving the housing supply challenge. Bringing key stakeholders and industry experts involved in housing delivery together to share insights into the future and collaborate on new solutions, is a key aim of the Building London Summit that will happen over 26 – 28 January. We hope to see you there to join these crucial debates.
Become a member
Our members include over 200 of the capital’s leading employers across a wide range of sectors, with a common commitment to our capital.