Land Assembly Fund launched to knock down barriers holding back housing

Land Assembly Fund launched to knock down barriers holding back housing

The UK Government has unveiled £1.93bn of investment to help unlock potential housing sites and speed up the delivery of more homes.

Unveiled by James Brokenshire MP, The Secretary of State for Housing, the package of measures will help overcome issues, such as contamination, infrastructure requirements, and complex land ownership.

The availability of the investment will be through two routes – the Land Assembly Fund and the Small Sites Fund – with its main objective is to support the UK Government’s overriding vision to raise house building up to 300,000 per year by the mid-2020s.

The Land Assembly Fund, a £1.3bn stimulus package, will be used to obtain less attractive land and prepare it ready for market, making it more financially viable for developers to invest in and start building. Outside of London, this work will be carried out by Homes England.

For public land owners or local authorities that need support to enable development – such as the delivery of necessary infrastructure – the £630 million Small Sites Fund will help accelerate or kick start sites to get the homes they need for their communities.

At M. Lambe Construction, we have been helping many of the country’s leading house builders regenerate their complex brownfield sites, delivering vibrant new neighbourhoods in and around existing infrastructure.

However, unlike greenfield sites, the redevelopment of brownfield land comes with many additional barriers, including: contamination, potential for unexploded ordinance, complex existing services, neighbouring buildings, underground obstacles from previous structures and connection to existing Victorian sewers, all with the potential to impact on the site’s financial viability.

In the Jewellery Quarter, Birmingham, we are helping Colmore Tang deliver a £100m brownfield regeneration scheme. St George’s Urban Village will see the creation of 291 new apartments and townhouses within one of the city’s conservation areas. Our scope of works, includes: foundation bases consisting of pile caps and ring beam, substructures, specialist storm water storage, deep drainage, hard external landscaping and extensive 278-works on a very tight one way street.

The project has presented us with many of the aforementioned barriers, but through early contractor involvement and working in collaboration with our client we identified all the critical risks and provided solutions to either eliminate or mitigate them.

So, to work with a specialist contractor who has the experience and expertise to help regenerate your brownfield site whilst ensuring it remains financially viable, fill out the form below to send us your details or call us on 0121 554 2108 to talk with one of our experts.

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