In response to the Chancellor’s Spring Budget 2024, JV North Chair John Bowker, says:
“From a housebuilding perspective, the most crucial thing we needed was funding certainty and detail that the Affordable Homes Programme will be extended.
“It currently runs to March 2026 and while two years away, larger development schemes start to become questionable due to the length of time they take to build coupled with not knowing if funding will be available when they complete.
“Without certainty, boards will be nervous about approving these schemes and it could cause a slowdown in housebuilding – something the country can ill afford given shortages and record-high homelessness.”