Communities secretary Greg Clark and housing minister Brandon Lewis (pictured) have said that house building will remain a top priority for the government despite uncertainty following the Brexit.
The government’s ambition is to build a million more homes and has been underpinned by a record £20bn housing package announced at Spending Review and government-backed schemes, including Help to Buy and Shared Ownership, which have supported over 309,000 homeowners since 2010.
Clark said: “The action we have taken over the last six years to get the country building again has put the industry in a position of strength. We have doubled investment in housing and set out the largest affordable house building program since the 1970s.
“The need for new homes continues as does the government’s commitment to getting them built and extending home ownership to anyone that aspires to own a home of their own.”
Peter Andrew, deputy chairman at the Home Builders Federation, added: “We were very pleased to hear the secretary of state reaffirm the government’s commitment to increasing housing supply. We welcome his reiteration of support for successful programmes like the Help to Buy: Equity Loan scheme which is underpinning demand and helping tens of thousands of buyers each year to take their first steps on the housing ladder.
“House builders remain confident in the underlying level of demand for housing and will continue to deliver the homes the country needs.”
Building and property firms have been rocked following the Brexit and fresh share loses have been seen today (full story here).