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:
- The uncertainties around negotiations increase costs and risks to the point where it is worth looking at introducing a London wide tariff option;
- 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;
- Housing Zones offer the potential for a step change in development based on partnerships between local authorities, housing associations, developers and other stakeholders;
- The strategic role of the Mayor needs to be strengthened, ideally through a devolution agreement;
- 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.