HCA executive director for the North West Deborah McLaughlin's presentation on unlocking investment, to the Northern Housing Summit on 22 February 2016.

1. Successful places
with homes and jobs
A NATIONAL
AGENCY
WORKING
LOCALLY
Unlocking Investment
Northern Housing Summit
Deborah McLaughlin
Executive Director, North West
22 February 2016

2. Overview
 Government ambitions for
housing
 Emerging tools and
approaches
 What does it mean for the
North?
 How can we maximise
future delivery?

3. New Government objectives
Planning and Housing
 Ambition for 1m new homes
by 2020
 More releases of public land
for housing
 Promoting home ownership –
DCLG budgets to be
‘refocused’
 Accelerating devolution
 Further efficiency savings -
30% agreed across DCLG

4. Spending Review
c.£20 billion
– c £8bn to deliver over 400,000 affordable homes
– c £12bn housing investment, including:
HTB: Shared Ownership £4.1 bn
Starter Homes £2.3 bn
Affordable Rent £1.6 bn
Help to Buy Equity Loan £8.6bn
Public Sector Land programme £1.1 bn
Short term fund
(SMEs & custom builders)
£1 bn
Long Term Fund (infrastructure) £2.3 bn

5. Devolution:
Manchester Place
 unlock sites for
development
 assemble investment
ready propositions
 harness the potential of
public funding streams
 support longer term
sustainability of
communities by place-
making

6. Devolution:
Land Commission
 New commissions include:
Greater Manchester,
Liverpool City Region, Tees
Valley, North East
 Opportunity to make best
use of public land assets
 Generating receipts for
local authorities
 Bringing forward land for
development

7. England 7.2%
North East 2.9%
North West 3.6%
Yorks & Humber 5.0%

8. Current housing supply falling short
(all tenures)
Source: ONS population projections 2012 / DCLG Live tables 255 & 406
New supply for selected year
North
(thousands)
England
(thousands)
2014/15 (most recent) 30 125
2010/11 (trough) 24 108
2007/08 (peak) 44 171
Projected average annual
household growth to 2022 44 220

9. Conclusion: Unlocking development
 Significant public funding available (focus on
home ownership)
 Importance of navigating new planning and
housing policy environment
 Responding to demands: demographic and
economic
 HCA can help:
– Promote local ambitions for places
– Identify land and housing investment options
– Explore funding requirements and opportunities