The government is to pledge £3bn in funding to enable small family firms to build 25,000 homes by 2020, while new public borrowing of £2bn will support the building of an additional 15,000 homes on surplus public-sector land.
Chancellor Philip Hammond and communities secretary Sajid Javid will announce the plans to the Conservative Party conference today. The government has a moral duty to build more houses, they will say.
Builders will be encouraged to use modern techniques that will enable them to build homes twice as quickly as using conventional practices. Changes to planning rules will aim to boost building on brownfield sites and derelict shopping centres.
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