The chairman of Homes England has said that he fully expects the housing industry to stay strong regardless of Brexit.
Speaking at international property festival MIPIM, Sir Edward Lister said: “There is massive shortfall and demand is just going to continue – people need somewhere to live so ignore Brexit, the need is still there.”
With the UK remaining the second-largest market in the world in terms of property investment, accelerating construction and increasing productivity through offsite manufacturing technology, which it believes will act as a catalyst for change in the wider housing market, is a key objective for Homes England.
In its strategic plan for 2018/19-2023, Homes England stated that it would be investing £5.5bn into a Housing Infrastructure Fund and £1.03 billion into a Land Assembly Fund to acquire challenging sites that the private sector cannot progress without public sector intervention.
Using modern methods of construction on these sites is set to be a priority for Homes England; with their report stating that ‘improving construction productivity is a key aim, so they will encourage developers to use advanced offsite technology and will support the increase in capacity within the offsite manufacturing industry through the provision of development finance.’
Phil Collings, senior land manager at Homes England, will address an audience of construction professionals on the opportunities in offsite construction, irrespective of Brexit, at Explore Offsite Housing, taking place on 27 March 2019, at the QEII in London.
Under the banner of ‘Modern Methods of Construction: Building Better, Building Faster’, he will discuss the developments and prospects that Homes England will be creating in terms of opportunities for offsite developers.