Developers pleased with latest budget proposals

Developments Specialist Richard Carr supports the recent article in the Financial Times titled ‘Developers hail UK planning reforms’.

Planning reforms

Richard Carr property developer

Property developers pleased with new proposals

According to the paper, UK developers have failed the recent planning reforms announced in George Osborne’s emergency budget, which are designed to boost Britain’s housebuilding from near-historic lows.

Some of the main proposals centred around brownfield sites and the relaxation of planning. Small house building firms are being incentivised to build on brownfield sites as they no longer have to spend time and money obtaining planning permission.

Furthermore, a new zoning system is to be introduced on brownfield sites where developers will get automatic planning permission.

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