Addressing housing delivery and the growing affordability gap are top priorities for both the Government and the GLA.
London’s population is growing at its fastest pace since the 1930s and by 2031 is expected to be a city of 10 million inhabitants and by 2031 an additional 1.5 million homes and around 600 new schools and colleges will be required.
To meet the Capital’s need the Mayor has set challenging targets including the delivery of a circa 50,000 new homes per year. To put this in perspective, this is more than double the current annual delivery rate of new homes in London.
It is clear that a new approach is required which will necessitate better use and intensification of public sector land as well as closer partnership working between the public and private sectors. It is estimated that social housing makes up around 25% of London’s stock, which is largely contained on housing estates. At the same time Local Authorities are under increasing pressure to not only meet Decent Homes standards but to also take a lead role in delivering homes to meet the Capital’s growth. In both these respects Estate Renewal offers a real opportunity to assist the Housing Crisis.
At the Conservative Party Conference and in the Autumn Statement the Government has announced additional resources to boost house supply including ring-fenced infrastructure funding to unlock brownfield land opportunities. Although largely directed at brownfield sites, opportunities for early additional development as part of integrated estate renewal strategies could be potential candidates for this increased funding.
The Chancellor has allocated London the largest ever Affordable Housing Fund of £3.15 billion over the next 4-5 years with which the Mayor of London will now seek to maximise both housing delivery and accelerated estate regeneration that provides intensification opportunities and additionality in homes for all Londoners.
This is a complex but important agenda. The regeneration of existing housing estates can meet a range of social and economic objectives, but can also be emotive and unsettling for the affected residents. At GL Hearn and Capita we understand these issues and have a specialist team to help lead and deliver effective estate renewal strategies which combine improvements and community support whilst creating opportunities to build new homes that add to the total housing supply on these estates.
We can turn contention into a coalition where all parties gain and the new homes we need are supported and rapidly delivered.
Our services extend right across the critical disciplines from leadership, planning and community engagement through to design and building and cost management. We can take regeneration and development projects from concept to completion. We can assist with the creation of new communities and the transformation of existing ones.
A successful approach to Estate Regeneration requires a fully integrated project team who can from the outset, understand the needs of local residents, the key institutional stakeholders and the technical and market issues to create a viable and deliverable project.
At GL Hearn we have pioneered the use of ‘people’ and ‘place’ based criteria in the creation of partnerships for regeneration. This work has directly informed the Government’s own approach to this challenging agenda.