We agree with the government’s ambitious plans highlighted in the white paper in terms of encouraging new homes. Methods detailed in the white paper include a new, standardised approach to the number of necessary new home calculations by local authorities and a dedicated £3bn home building fund to help support small and medium sized developers increase their activity. By 2020, the aim is to build 200,000 ‘decent, well-built homes with gardens’ across the UK. Lincolnshire is doing its bit to contribute to this and we are optimistic that the region’s underdeveloped land will help the country reach its national target.
This will be especially interesting for Lincoln as there are very few high rise blocks in the city. The ‘mansion block’ style – discussed in the white paper – offers an alternative to high rise blocks which avoid drastically changing the skyline which, from Lincoln ridge, can be seen for miles around. We have more than 400 new homes coming to market over the next 18 months alone – so it’s a very exciting time for Lincoln and the surrounding areas.
Flagship developments in the city, including St John’s Village, Bracebridge Heath, and Cherry Paddocks, Cherry Willingham, have both been selling incredibly well; further supporting the notion that we’re in desperate need for new homes and demand continues to in the new homes sector. That being said, I also think that it is hugely important to continue to encourage smaller projects with smaller, local developers – which was highlighted in the white paper, concluding that 60 per cent of the country’s new homes are being built by just 10 companies. We have worked on a number of smaller projects which larger providers are unable to develop – this increases the likelihood of brownfield site development, preserving greenfield sites and the environment.