The Government has seized on the slogan of the Get Britain Building Campaign for a central part of its strategy to tackle the housing crisis.
These include plans for a revamped council right-to-buy scheme, offering homes at 50% of their value, and a Government-backed mortgage indemnity scheme for first time buyers.
Another central part of the ‘Laying the Foundations’ new housing strategy is a £400m Get Britain Building fund. This will be targeted to help smaller house builders bridge funding gaps on ready-to-go construction sites. It is estimated it could trigger construction of 16,000 homes including 3,200 affordable properties.
Mike Leonard, spokesman for the Get Britain Building Campaign, said: “We have been calling for the Government to stand behind a mortgage guarantee scheme and to provide much-needed funds to facilitate the building of more homes.
“Today’s housing strategy and the launch of two new schemes is of course very welcome.
“It is clear from our discussions with Government that the coalition recognises the positive effect on jobs and economic growth that will result from a strong new build housing market.
But he warned the Government was failing to harness the housing industry’s full potential to kick-start wider economic growth and create new jobs for the country.
“We will continue to campaign for a much bigger programme of house building, particularly in the social sector, where we believe the Government needs to commit to an additional 25000 homes being built in 2012.
“Only with this sort of impetus will we see the economy get going again and jobs return.
“It will take this sort of building rate to begin to deal with the deepening housing crisis.”