Government departments will be ‘held to account’ for the way they use their land banks to help the delivery of new homes, last week’s Budget revealed. Ministers want departments such as the Communities and Local Government department and the Department of Health to look at handing land to developers and receiving payment only when new homes are built under a ‘buy now, pay later’ model. Departments and councils will be encouraged to sell land with planning permission to developers under a pilot land auction scheme. Academic Tim Leunig, who drew up similar plans in 2007, said that if it was rolled out to include private sector land it could deliver as many as 250,000 new homes - raising £17.5 billion in the process. Dr Leunig said the impact of the scheme as it stands at present would be limited. ‘Why would someone like the NHS want to be involved, if the money will go to councils?’ Read more on Inside Housing.
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