Government launches custom build scheme to increase supply

In a further bid to increase the supply of both starter and affordable homes in the UK, the government has created a new custom build scheme which will be piloted in Basingstoke, writes development specialist Richard Carr.

Boost

Affordable Homes in the UK need an increase in supply says Richard Carr

Is the government doing enough to increase home building

The 122 new development of homes is part of a national pilot to help boost this sector of the housing market.

Developers ZeroC will take on the pilot project and will provide homes ranging from self-build properties to customer fit-out.

Housing Minister Brandon Lewis, who is heading up the scheme for the government, explained that buyer’s will be able to customise certain specifications to various levels of build.

Plans for the pilot site in Basingstoke will also include 44 homes for affordable housing, whilst a few plots will also be made available for entirely-self build plots.

Increasing supply

Lewis explained on propertywire.com the government’s desire to increase the supply of homes: “This government is committed to increasing housing supply and helping more people achieve their aspiration of home ownership whether that’s buying on the open market through schemes like Help to Buy, or to build.

“We want to see custom and self-build grow significantly and believe it can play a role as part of a wider package of measures to help deliver the homes people want. The Park Prewett pilot is a fantastic example of our commitment to double the number of custom build and self-build homes by 2020 so anyone who wishes to design their dream house can do so.”

Extra funding

As well as the custom build schemes, Lewis also spoke of another government initiative which will see £350 million added to the sector. Also, a new flexible fund offering £1 billion in loan finance will replace the current Builder’s Finance Fund and the Customer Build Service Plots fund.

Richard Carr is pleased to see this extra support for developers and building firms on top of the range of reforms which were announced recently to help small builders.