Planning reforms to boost building could add up to £7.5bn to the UK economy over the next decade, according to analysis from the Ministry of Housing, Communities and Local Government (MHCLG).
The impact assessment for the Planning and Infrastructure Bill, published today, 6th May, found the Government’s proposed changes would speed up delivery of homes, roads, railways and clean energy projects.
The research found these reforms would make it faster and easier to build 1.5 million new homes, aiming to address the housing shortage and improve infrastructure.
The assessment said lower costs for businesses and fewer delays could bring further investment.
Government analysis also suggested that recent changes to the bill, which overhaul the pre-application process for critical infrastructure, would add another £1bn of benefit during this Parliament.
These figures are on top of measures already made in the national planning policy framework.
Deputy Prime Minister Angela Rayner said: “Getting Britain building will not only boost economic growth but ensure we deliver the homes and infrastructure working people deserve.
“This landmark pro-growth Bill will get spades in the ground and the foundations laid for a new generation of homes, as we deliver on our Plan for Change.”
