- Regional economic disparities and social care reform in England
- The Greater London Authority requires a radical devolution settlement and more powers to succeed while supporting major UK cities.
London Councils identifies 50,000 affordable homes pipeline, seeking £12.3bn funding
What happened
The Greater London Authority confirmed borough allocations for the London Social and Affordable Housing Programme. London Councils reported that boroughs have identified sites for over 50,000 new council homes over the next decade, which would increase London’s current council housing stock by 15% if suitable funding is secured. Realizing this pipeline requires approximately £12.3 billion in grant funding, though the LSAHP is set to receive £11.7 billion between 2026 and 2036.
From propertyweek.com
Why it matters
The initiative is framed as a key measure to tackle London's severe housing and homelessness emergency. London Councils has called for additional financial support and access to low-interest loans to ensure the delivery of these council homes.
The Greater London Authority requires a radical devolution settlement and more powers to succeed while supporting major UK cities, as the UK government reviews funding models for essential cities like Birmingham, Leeds, and Liverpool.
From propertyweek.com
Who's involved
- Greater London AuthorityThe regional governance body that confirmed borough allocations for housing.
- Andy BurnhamA politician who advocated for increased council buying powers.
- LondonThe capital and largest city of England, where the housing pipeline is located.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- governmentSpeculative
The government might face pressure regarding the availability of grant funding to meet the £12.3 billion requirement.
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The entities involved
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Andy Burnham
British politician (born 1970)
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City of London
city, ceremonial county and local government district containing the historic centre and the primary central business district in the London Region in England, UK
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Greater London Authority
devolved regional governance body of Greater London
Related events
- City mayors, including Andy Burnham of Greater Manchester, advocate for greater regional devolution power for Scottish cities like Glasgow and Edinburgh.
- Andy Burnham proposed major devolution of power and funding, drawing on his experience as Greater Manchester mayor.
- Andy Burnham promotes greater local autonomy for England.
- Burnham's government supports devolution to mayors, while Labour figures call for an inquiry into the Tees Valley Combined Authority deal.
- Andy Burnham attended the SNP conference in Aberdeen and sought power devolution from Westminster.