Commercial Finance
Smaller housebuilders to be added to London Development Panel to boost supply
London’s deputy mayor for housing intends to introduce small and medium house builders to the London Development Panel to speed up the delivery of homes in the capital.
The London Development Panel (LDP) deals with the procurement of land to accelerate the construction of housing in the capital, where demand famously outstrips supply.
The panel currently consists of 25 of the UK’s biggest housing developers who are known for delivering residential developments in London.
The deputy mayor, James Murray has now said he wants to add to the panel to ensure more houses are delivered in an efficient manner.
“It is important City Hall continues partnership arrangements in order to build the homes London so desperately needs,” said Murray.
“I want the big developers and homebuilders to have a role to play as part of the London Development Panel, but I am also keen to make sure we bring in other contractors who are delivering different models of housing, and that involves working with small and medium house builders that can help speed up the pace of delivery of smaller sites across the capital.”
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The panel began on the 10 May 2013 and is planned to run until 2017.