Today is World Town Planning Day, which highlights the
importance of town planning in creating sustainable communities and
places.
It broadly coincides with Philip Hammond's 2018 Budget,
which has a strong focus on the development industry.
Many of the key headlines in this year's Budget had a
broadly positive tone, and this was no different for the
development industry, which, among other things, was promised
increased investment to deliver sustainable housing and
communities. Below, we highlight some of the key points for the
industry to take away from the Budget:
- The Government has confirmed that it
still plans the biggest increase in housing supply since 1970.
- An additional £500 million will
be added to the Housing Infrastructure Fund to help build a further
650,000 new homes.
