HCA Presentation to stakeholders - Ian Knight, Cranbrook, 19 Nov 2014

Successful places

with homes and jobs

A NATIONAL

AGENCY

WORKING

LOCALLY

Housing: meeting the

challenge, making an

impact

Ian Knight, head of area, Devon, Cornwall

Somerset, HCA

Housing: building a stronger economy

Cranbrook, 19 November 2014

Understanding the South and

South West

Population: 8,721m

More than

40% live

in rural

areas

More than

1 in 5 people…

are 60+

The housing challenge: affordability

Source: DCLG

Housing Completions, England, 1946 - 2012

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

19461949

19521955

19581961

19641967

19701973

19761979

19821985

19881991

19941997

20002003

20062009

2012

Private Enterprise

Housing Associations

Local Authorities

The need for housing:

a long-running issue

To meet household projection

Why housing matters: construction

contributes around 8% of GDP, housing

accounts for 3%

Source: DCLG / BBC

It is estimated that one construction job

supports 0.78 elsewhere

Source: DCLG / BBC

For every £1m of housing output, 20 workers

are needed for a year

Source: DCLG / BBC

Housing impact in the

South and South West

Total starts Total completions

2012/13 2013/14

4,676

(target 3,964) 6,867

(target 6,303)

2012/13

6,803

(target 4,846)

2013/14

6,470

(target 5,812)

24.6%

of national

output

22.7%

of national

output

* excludes Help to Buy sales of 3,283 (to

date) and FirstBuy sales of 1,572 (2012/13)

Housing impact in the

South and South West

* Including residual FirstBuy

Help to Buy

completions *

574 3,783 734

Rural completions

Get Britain Building

completions

19.5%

of national

output

18.4%

of national

output

29.5%

of national

output

16.4% of England’s population live in South and South West operational area

Affordable Homes Programme 2015/18

An opportunity for partners in

the South and South West

Building on success:

affordable homes in Cornwall

Unlocking large housing sites

Cranbrook: £20m to deliver 1,500

jobs, education complex and

6,300 homes

Sherford, near Plymouth: £32m

loan to support building of 5,500

homes, employment space and

schools

Tadpole Farm, Swindon: £5.2m

loan to accelerate building of

1,695 homes

Great Western Park, Didcot: £42m

to step up the pace of 3,300 home

urban extension

Wokingham: £24.7m loan to

unlock a site for 2,500 homes,

two schools, a neighbourhood

centre, shops and specialist

research park

Wellesley Former Aldershot

Garrison: £10.9m for highways

and environmental works to

support building of 3,850

homes

East Anton Farm, Andover:

£15.1m for roads and works to

support 2,500 new homes

across site

£1.5bn Local Infrastructure Fund Approved local schemes

Delivering at Cranbrook, Devon

Investing in development

Increasing private sector housing

starts through equity loans and

other market interventions:

£1bn Build to Rent

£570m Get Britain Building

£525m Builders Finance Fund

£10bn Guarantees – linked to

£500m AHP funding for new

housing delivery

Significantly increasing DCLG

loan portfolio

£9.5bn Help to Buy to support

aspiration

Making a difference: Bath Riverside

Stalled for more than 25 years

Largest development

opportunities in Bath

Up to 2,000 homes and 3,000

jobs

HCA investment and support

Bath Riverside

First phase complete

Part of City of Ideas

Enterprise Area

Supported by a range of

measures:

- £6m National Affordable

Housing Programme and

£2m infrastructure in

phase one

- £2.8m Get Britain Building

investment in phase two

- Help to Buy across site

- Local authority, LEP and

former RDA support

Making a difference:

Centenary Quay, Southampton

£500m redevelopment of former shipyard

More than 1,600 new homes and 1,000 jobs to Southampton

Investment in affordable and private housing using range of

programme

Local homes matter,

so let’s keep delivering!

Any questions?

/homes-&-communities-agency

@HCA_UK