Measures were unveiled by the Chancellor in the Spring Statement which will be of interest to those in the development industry, particularly the announcement that the forthcoming Environment Bill will make it mandatory for new developments in England to generate a biodiversity net-gain.
The Chancellor delivered his Spring Statement on 13 March alongside publication of a Written Ministerial Statement, which provides further detail on the announcements, and a joint declaration between government and local partners on the Oxford-Cambridge Arc.
There were no major surprises for the development industry, but the key measures announced which will be of interest to those in this sector are summarised in this blog.
Building on the government’s commitment to promote ‘clean growth’, measures were announced which include:
Housing and Infrastructure
Alongside funding commitments to unlock homes at sites including Old Oak Common in London, the Oxford – Cambridge Arc and in Cheshire, and to support the delivery of affordable homes by housing associations nationally, the Chancellor reiterated the government’s commitment to publish a National Infrastructure Strategy (which will be the first of its kind) which will set out the infrastructure priorities and respond to recommendations in the National Infrastructure Commission’s National Infrastructure Assessment.
In the coming months the government also intends to:
A consultation on potential changes to help local areas make better use of planning tools to support high streets, including through Compulsory Purchase Orders, Local Development Orders, and other planning measures was also announced.
Future of Mobility
In response to the changes in transport technology (for example the growth in electric vehicles, self-driving vehicles and advances in data and internet connectivity) an Urban Strategy will be published setting out the government’s approach to mobility.
We will blog on the further details of these measures and their implications when they come forward, so watch this space!