London ‘must partner with housebuilders’

London needs to work more closely with developers to double the rate of housebuilding in the capital, according to mayor Sadiq Khan.

Revealing new figures that show London needs to build 66,000 new homes every year to meet its growing need and tackle the backlog of underinvestment, Khan called on the government to boost funding and powers available to the capital in the upcoming Budget.

“Successive prime ministers have failed to invest anywhere near enough in building new affordable homes,” said Khan. “The previous mayor stopped investing in homes for social rent altogether and cut the number of new affordable homes he funded to the lowest level since records began.”

“Now is the time for all layers of government to work in partnership with developers to ensure London meets its housebuilding target,” added Jonathan Seager, executive director for housing at London First.

The mayor’s draft London Plan, which is due to be published next month, will include strong new measures and set ambitious targets for every London borough to move towards the aim of making 65% of all new homes affordable.