22 COMMENT
Name Job Title & Company
Michael Holloway is a director at Urbana
The industry needs deliverability, not just ambition
Michael Holloway of planning and development consultancy Urbana makes the case for a more pragmatic approach from everyone involved in housing development – from the Government down.
PULL QUOTE (NOT TOO LONG)
T
IPSUM DOLOR SIT AMET, CONSECTETUR ADIPISCING ELIT, SED DO EIUSMOD
WWW.HBDONLINE.CO.UK
THERE IS A WIDENING GAP BETWEEN POLICY AND WHAT CAN BE REALISTICALLY DELIVERED
LOREM
he UK’s housing shortage is well documented. Demand continues to outstrip supply, local authorities face increasing pressure to meet housing targets, and few would dispute the need for signifi cantly more homes across the country Yet despite widespread recognition of this need, more residential developments than ever are struggling to progress from concept to construction.
It’s increasingly evident that deliverability, rather than a shortage of sites or developer appetite, is the challenge we face. A widening gap is emerging between what planning policy demands and what can realistically be delivered. That gap is now one of the most signifi cant barriers to increasing housing supply and is affecting developments of every scale, from urban extensions to
town centre regeneration sites and smaller residential schemes.
A SUCCESSION OF CHALLENGES For many housebuilders and developers, bringing forward new homes has become an increasingly diffi cult balancing act he industry has absorbed successive challenges, including Brexit, the Covid-19 pandemic, supply chain disruption, infl ationary pressures and global geopolitical instability over the past few years. The total impact has been a substantial increase in build costs and a more uncertain market environment.
The planning process has also become more complex and expensive. Planning application costs have been growing, with developers committing signifi cant resources before there is any certainty around a positive outcome.
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