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PM plans to build 200,000 homes

The Prime Minister wants to revamp the council house right-to-buy scheme in order to generate the cash to build more homes.

David Cameron MP is also planning to ensure house builders get access to thousands of acres of land to build on now, with payment only due when the houses are sold.

“We need to do everything we can to fire up the engine of the British economy,” said Cameron in an interview on BBC TV’s The Andrew Marr Show.

“We are going to make over Government land to house builders on the basis they can start building now and pay for the land when they sell homes.

“That could build another 100,000 homes and create 200,000 jobs.”

The scheme was first announced in March by housing minister Grant Shapps in the hope of overcoming banks’ reluctance to lend for speculative housing projects.

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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