‘Emergency’ measures unveiled to boost London housebuilding
AI Article Summary
New emergency measures have been announced to address the decline in housebuilding in London. The plans include reducing affordable housing requirements, granting new powers to London Mayor Sadiq Khan, and establishing a £322 million fund to invest in developers. These interventions aim to revive housing construction in the capital.
What This Means for Canadian Contractors
This initiative illustrates how government policy and financial incentives can be pivotal in restarting stalled residential projects. For Canadian builders, this means that similar measures could potentially reduce regulatory burdens and provide financial support, significantly impacting construction timelines and costs. It's crucial to be aware of how policy changes can create opportunities for growth in the residential sector.
