Despite £2.3bn subsidies, property development could stall as developers face severe threats
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Thursday, May 12, 2022
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1.8 billion has been earmarked for brownfield land development, community regeneration and new affordable housing projects.
Key Points:
- 1.8 billion has been earmarked for brownfield land development, community regeneration and new affordable housing projects.
- This is before developers begin to see further issues with global supply chains due to the Russian invasion of Ukraine.
- The Government subsidy to develop 1,500 hectares of brownfield land to create 160,000 new homes is an open invitation for developers, says Stephen Clark of Finbri development financebroker.
- This may include both brownfield sites suitable for development and others where developers can enhance biodiversity as an offset for their projects elsewhere.