Labour has unveiled plans to build 125,000 new homes over
the next five years using £5bn raised from a new ISA for first-time buyers
announced in last month’s budget. Income from the ISA would be channelled into
a Future Homes Investment Fund, which will form a key part of Labour’s plan to
raise construction levels to 200,000 a year by 2020. This will be used to pump
prime investment in Housing Growth Areas – new sites where local first time
buyers will get priority – to unlock hundreds of thousands of homes. Read
more on the Construction Enquirer website.
