Should new neighbourhood developments be constructed for just Millennials? A report just released by the think tank The Policy Exchange finds that 38% of London residents are considering leaving the city as a result of the high housing prices. Analysis from the Office of National Statistics published in showhouse.co.uk is predicting that the number of households for inner and outer London will increase by 20% or by 950,000.
Out of 25 local authorities outside of London only five have accepted development plans that are in compliance with the national planning policy. The problem arises of identifying the land needed for new-build homes that has been off-limits for land protection and other issues.
The plan would be similar to post war developments that were needed in Crawley, Bracknell and Milton Keynes. The plans call for 15 new towns to be created with each having 30,000 new affordable homes with easy access to transportation and green spaces.
The report says a new approach is needed in home construction for outer London in the five main growth corridors.
"Each new place should be aimed at the millennial generation – providing them a home that is affordable that they might be able to own and in an environment they want to live. These so-called millennial towns should be extensions to existing settlements and places built anew."
Co-author Jack Airey, a research fellow at Policy Exchange, In Homes & Property called for “a more
reasoned discussion” when it involves the green belt :
“Most of this land deserves the utmost protection from development, but a significant chunk of
farming and scrub land does not.”
Also Labour housing spokesman John Healey said:
“..rightly identifies theneed for Government to do more to … the next Labour government will start a new generation of new towns and garden cities”.
Lord Wolfson of Aspley Guise, Chief Executive of Next and founder of the Wolfson Prize, says in showroom:
“Much greater ambition is needed by all levels of government in dealing with the undersupply of homes in London and the South East – and this Policy Exchange report provides a plan for doing that."
“It builds on the vision and principles the Wolfson Economics Prize promoted in 2014 and outlines a strategy that can be supported by central government and the Mayor of London. Political leaders who want to win the support of young millennial renters should read this report and act on it.”
The report calls for more collaboration by the government with the Mayor of London, local authorities in the growth areas and housebuilders, contractors, architects, planners, infrastructure providers and engineers for new efficient high quality homes with access to all major travel routes.
An by the London Mayors office for evaluation of the boundaries in the growth areas for future infrastructure needs. Identification of three locations for new millennial towns for the planned 30,000 over the next 10 years.
Further calls for amending The National Planning Policy Framework (NPPF) for creation of new formal planning in the growth corridors with local housing policies along with establishing Development Corporations with powers, status, funding for land, establishing capital investment and guidelines for new-build homes
One of the most important:
"Corridor strategic plans should take a balanced approach to land use regulation. In areas where new millennial towns can be built, the strategic plan should be supported by the Government and Mayor of London to allocate development on protected land, for instance land protected by Green Belt and Strategic Industrial Land designation. This should be supported by swapping site land uses in the local area."