Reforms under the Planning and Infrastructure Bill to accelerate the delivery of new homes and major infrastructure could contribute between £3.2bn and £7.5bn to the economy, according to new government analysis.

The bill’s impact assessment, published by the Ministry of Housing, Communities and Local Government (MHCLG) today, said lower costs for businesses, fewer delays and increased certainty as a result of its measures could lead to further investment over the next decade.

As well as housing, new roads, railways and green energy projects are at the forefront of building plans.

Over the 10 year appraisal period, in present values, the total benefits from the bill are estimated at £5.2bn at the lower end, while the total costs are estimated at £2bn.

Deputy prime minister and housing secretary, Angela Rayner said: “This landmark pro-growth bill will get spades in the ground and the foundations laid for a new generation of homes.”

The bill aims to remove barriers to delivering the 1.5 million new homes promised by the administration by the end of this Parliament.

It will also support the government’s push to make at least 150 decisions on major infrastructure projects in the same period, with 17 decided so far.

Source: Building

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