Encouraging more competition in the house building industry

Meeting: 
MQT on 2013-12-18
Session date: 
December 18, 2013
Reference: 
2013/4672
Question By: 
Darren Johnson
Organisation: 
City Hall Greens
Asked Of: 
The Mayor

Question

I share this aspiration in your new draft housing strategy to encourage new entrants into a very concentrated market. Given that the main barrier for smaller builders identified by your research is acquiring land, what are you doing with the GLA land bank to support new entrants into the house building industry?

Answer

Answer for Encouraging more competition in the house building industry

Answer for Encouraging more competition in the house building industry

Answered By: 
The Mayor

Developers for the vast majority of all GLA land that is suitable for house building will be procured via the London Development Panel (LDP), which I established to make it easier, faster and cheaper for public sector land owners to bring forward land for development.  We are looking at ways of using some of this land to encourage smaller builders through initiatives such as custom build where they could partner with an LDP member.