UK & London property news
UK property news, London property news. View the very latest property news for the UK & London from Property-GO. UK property news, London property news
Tuesday 6th January 2009 ABOUT | CONTACT | LEGAL | AGENTS ADVERTISE
HOME  FIND A PROPERTY  FIND AN AGENT  AREA GUIDES  COMMERCIAL PROPERTY  FAQ 
 
UK PROPERTY NEWS   Property News Index | Register For Email Updates | Login & Edit Your Details 
PROPERTY SEARCH
SALES ORRENTALS
PROPERTY DETAILS
No. of Beds
Property Type
Price Range
PROPERTY LOCATION
UK Location
OR UK Postcode
SUBMIT SEARCH
WEDNESDAY 13TH APRIL 2005
 HOUSING PLANS COULD DAMGE UK ECONOMY

The South East England Development Agency has claimed housing plans by its regional assembly could damage prospects for the region and the UK economy as a whole.

SEEDA has issued its formal response to the consultation draft of the South East Plan, published by the South East England Regional Assembly, which sets out growth plans for the region until 2026. In the report SEEDA emphasises that, unless the Plan complements and underpins the Regional Economic Strategy for the South East (RES), there is a real danger of damaging the economic prospects of the region and of the UK economy as a whole.

An analysis of the assumptions in the draft plans highlights the need for more affordable homes than either current house-building rates or those proposed in the South East Plan would deliver.

SEEDA chief executive Pam Alexander said that to maintain economic growth at around three per cent a year would require around 36,000 homes annually, 4,000 more than the assembly's highest option.

SEEDA's detailed work on the assumptions surrounding these growth estimates demonstrates the validity of the Plan's assumption that, in order to sustain this growth, some 800,000 more jobs will be needed in the region by 2026, despite the challenging targets for higher participation rates and increases in productivity which are necessary if the South East is to sustain its globally competitive economy.

The people who fill these jobs will need appropriate skills, good transport, schools, health services, community and leisure facilities, affordable homes and a high quality environment, said the report, noting that housing proposals in the Plan are insufficient, even at the highest option, to provide affordable homes for all the employees needed to support three per cent growth per annum in Gross Value Added (GVA).

"It may seem a stark message," said Pam Alexander, "but it is essential that we spell out the clear conclusions of our research: the proposals within the South East Plan are in danger of stifling the development of the South East and therefore the economic prospects of the UK as a whole."
Find a Property | Find an Agent | Area Guides | Commercial Property | International Property | UK Property News | Site Map
UK property news, London property news. View the very latest property news for the UK & London from Property-GO
© 1999-2006 Property-GO UK Ltd Web Design & Hosting by: