Building new homes earns Government cash for Tower Hamlets
THE desperate house-building to cope with the huge waiting list in London’s East End has earned the Town Hall Government cash that local authorities elsewhere are missing out on.
It brought praise this week for Tower Hamlets Council from the construction industry for reaching its target last year which means it gets �4 million from Whitehall for the coming financial year.
That should boost the council’s desperate search for another �17m to save on budget cuts on top of the �55m already identified over the next three years.
But other local authorities who have not met house-building targets get nothing from the Government’s bonus scheme.
“Local authorities need to look hard at the difference the bonus could make and work with the industry to plan for more housing,” said Home Builders Federation chief executive Stewart Baseley.
You may also want to watch:
“We have an acute housing crisis that has seen millions join the waiting lists for council housing and first-time buyers unable to get a foot on the property ladder.”
Tower Hamlets stands to get �4,280,000 for new homes built in 2009-10, while one local council in Hampshire which only built 10 receives nothing—it actually reduced its housing stock by 39.
Most Read
- 1 Ethnic communities not taking up Covid jabs, Tower Hamlets Mayor warns
- 2 'Racist consultation' protest rejected on Tower Hamlets street closures as Labour sticks to its manifesto
- 3 Airbnb house party violence leaves police officer with broken finger
- 4 Council fined for Alexia Walenkaki's playground death in Mile End and says sorry to family
- 5 Streets around proposed Chinese embassy building could be renamed after persecuted Muslims
- 6 Police hunt after stabbing in Cable Street: One man hurt
- 7 Police raid cannabis factory near Liverpool Street station: 2 arrests
- 8 Teenager found dead in Victoria Park
- 9 No injuries but 20 rescued as firefighters tackle Limehouse blaze
The bonus scheme is a cornerstone of the ‘localism’ planning system the Government hopes will encourage more house-building.
The Coalition’s projections show the country should be adding 232,000 new homes a year. Yet figures show only 100,000 built last year, the lowest in peacetime since 1923.
