This is the presentation given to stakeholders by Ian Knight, HCA head of area for Devon, Cornwall and Somerset, about housing contribution to economic growth to stakeholders. Cranbook near Exeter, 19 November 2014.

1. Successful places
with homes and jobs
A NATIONAL
AGENCY
WORKING
LOCALLY
Housing: meeting the
challenge, making an
impact
Ian Knight, head of area, Devon, Cornwall
Somerset, HCA
Housing: building a stronger economy
Cranbrook, 19 November 2014

2. Understanding the South and
South West
Population: 8,721m
More than
40% live
in rural
areas
More than
1 in 5 people…
are 60+

3. The housing challenge: affordability

4. The need for housing:
a long-running issue
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
Source: DCLG
Housing Completions, England, 1946 - 2012
0
Private
Enterprise
Housing
Associations
Local
Authorities
To meet household projection
1946
1949
1952
1955
1958
1961
1964
1967
1970
1973
1976
1979
1982
1985
1988
1991
1994
1997
2000
2003
2006
2009
2012

5. Why housing matters: construction
contributes around 8% of GDP, housing
accounts for 3%
Source: DCLG / BBC

6. It is estimated that one construction job
supports 0.78 elsewhere
Source: DCLG / BBC

7. For every £1m of housing output, 20 workers
are needed for a year
Source: DCLG / BBC

8. Housing impact in the
South and South West
Total starts Total completions
2012/13 2013/14
4,676
(target 3,964)
6,867
(target 6,303)
2012/13
6,803
(target 4,846)
2013/14
6,470
(target 5,812)
24.6%
of national
output
22.7%
of national
output
* excludes Help to Buy sales of 3,283 (to
date) and FirstBuy sales of 1,572 (2012/13)

9. Housing impact in the
South and South West
Help to Buy
completions *
Rural completions
3,783 734 574
* Including residual FirstBuy
Get Britain Building
completions
19.5%
of national
output
18.4%
of national
output
29.5%
of national
output
16.4% of England’s population live in South and South West operational area

10. Affordable Homes Programme 2015/18
An opportunity for partners in
the South and South West

11. Building on success:
affordable homes in Cornwall

12. Unlocking large housing sites
 Cranbrook: £20m to deliver 1,500
jobs, education complex and
6,300 homes
 Sherford, near Plymouth: £32m
loan to support building of 5,500
homes, employment space and
schools
 Tadpole Farm, Swindon: £5.2m
loan to accelerate building of
1,695 homes
 Great Western Park, Didcot: £42m
to step up the pace of 3,300 home
urban extension
 Wokingham: £24.7m loan to
unlock a site for 2,500 homes,
two schools, a neighbourhood
centre, shops and specialist
research park
 Wellesley Former Aldershot
Garrison: £10.9m for highways
and environmental works to
support building of 3,850
homes
 East Anton Farm, Andover:
£15.1m for roads and works to
support 2,500 new homes
across site
£1.5bn Local Infrastructure Fund
Approved local schemes

13. Delivering at Cranbrook, Devon

14. Investing in development
Increasing private sector housing
starts through equity loans and
other market interventions:
 £1bn Build to Rent
 £570m Get Britain Building
 £525m Builders Finance Fund
 £10bn Guarantees – linked to
£500m AHP funding for new
housing delivery
 Significantly increasing DCLG
loan portfolio
 £9.5bn Help to Buy to support
aspiration

15. Making a difference: Bath Riverside
 Stalled for more than 25 years
 Largest development
opportunities in Bath
 Up to 2,000 homes and 3,000
jobs
 HCA investment and support

16. Bath Riverside
 First phase complete
 Part of City of Ideas
Enterprise Area
 Supported by a range of
measures:
- £6m National Affordable
Housing Programme and
£2m infrastructure in
phase one
- £2.8m Get Britain Building
investment in phase two
- Help to Buy across site
- Local authority, LEP and
former RDA support

17. Making a difference:
Centenary Quay, Southampton
 £500m redevelopment of former shipyard
 More than 1,600 new homes and 1,000 jobs to Southampton
 Investment in affordable and private housing using range of
programme

18. Local homes matter,
so let’s keep delivering!

19. Any questions?
@HCA_UK
/homes-&-communities-agency