The UK’s housing sector stands on the cusp of a new era of delivery. The government’s recent ambition to deliver around 300,000 new social and affordable homes is welcome, with £39bn pledged over the next decade, a 10-year rent settlement, and the creation of a new National Housing Bank all signalling a renewed commitment to tackling one of the country’s most pressing challenges.
These commitments follow sustained calls from across the housing sector – including from Lloyds Banking Group – for decisive action.