02 Feb 2022

It’s not just the Private Rental Sector that will be affected by the new Levelling Up White Paper launched today by Michael Gove 

The government says home ownership will be boosted via a new £1.5 billion Levelling Up Home Building Fund being launched, which will provide loans to small and medium sized developers and support the government’s wider regeneration agenda in areas considered a priority for levelling up.

The government is also committing to build what it calls “a more genuinely affordable social housing.” A new Social Housing Regulation Bill will be introduced following the Grenfell tragedy in 2017.

The ‘80/20 rule’ which leads to 80 per cent of government funding for housing supply being directed at ‘maximum affordability areas’ – in practice, London and the South East – will be scrapped, with much of the £1.8 billion brownfield funding instead being diverted to transforming brownfield sites in the North and Midlands. Metro Mayors will be allocated £120m of this funding. 

The whole Levelling Up White Paper is vast and far-reaching with 12 so-called missions, given legal status in a flagship Levelling Up and Regeneration Bill. This will “shift government focus and resources to Britain’s forgotten communities throughout the 2020s.”

Read the changes to private rental landlords and the entire government press release here

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