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Final Report & Project Update

LSE London held the final roundtable for our project on accelerating development in London on October 12th.   Our project report, Housing in London: Addressing the Supply Crisis and an executive summary was launched and distributed at the event.

The participants, from a wide range of groups involved in making decisions around expanding supply, discussed possible ways forward: areas where there was agreement that change would help address the housing crisis. There was very considerable agreement on the following:

  1. The uncertainties around negotiations increase costs and risks to the point where it is worth looking at introducing a London wide tariff option;
  2. Small and Medium size  builders must be brought back into the market so that they can make a major contribution on smaller sites especially in outer London; they also provide a chance of diversifying the offer;
  3. Housing Zones offer the potential for a step change in development based on partnerships between local authorities, housing associations, developers and other stakeholders;
  4. The strategic role of the Mayor needs to be strengthened, ideally through a devolution agreement;
  5. We should look at options for the GLA and local authorities to fund housing development more effectively both through equity and debt arrangements.

We also discussed whether it was worth trying to go for a ‘big bang’ programme especially in the context of housing for young professionals.

The next project starts on November 1st, and will take forward these (and related) proposals to develop a programme for the new Mayor.  The proposals look more at the nitty gritty details and how they might fit in the new national policy environment.  We very much hope that all those who have taken part in the first project will continue to contribute - and that new participants will be involved.  We will keep you all informed through our website, blogs, social media and e-mails.
LSE London published a report, Housing the young employed in London for the Sutton Trust on the effects of a constrained housing market on the social mobility of young graduate workers in the capital city. Kath Scanlon, Melissa Fernandez, Emma Sagor, and Christine Whitehead discuss how young people from poor parts of the country are being priced out of London, and present some alternative models that could improve the situation.
Other November events that may be of interest:

1. On November 5th, LSE London is co-hosting the event,
Immigration and Asylum in Britain with British Government @ LSE. This is the final event of our HEIF5 Migration and the Transformation of London series.
2. On November 12th, Christine Whitehead will be speaking at the ESRC's Festival of Social Science on Social implications of a changing housing market'
3. On November 17th, LSE London is co-hosting the event,  'Immigration and Asylum in Britain and Europe' with British Government @ LSE.
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