Housing and Planning Act 2016

Baroness Altmann Excerpts

Thursday 24th November 2016 Lords Chamber

[Baroness Altmann (Con)]

My Lords, I commend the Minister on this decision and the Chancellor’s decision yesterday to emphasise the importance of infrastructure and housing investment for the future of this country. Will the Minister consider making sure that we include pension funds and insurance companies, which have plenty of money they would like to invest in such projects? Secondly, when planning the future housing strategy, will he ensure that we take into consideration the needs of older people who would like to downsize to more suitable homes—last-time buyers—rather than just first-time buyers?

[Lord Bourne of Aberystwyth]

My Lords, my noble friend is absolutely right about the importance of the mixture of private money and public money in housebuilding. She will be aware that we are bringing forward a housing White Paper, which will be broad in scope, looking at these issues. I remind noble Lords of the Chancellor’s important announcement in the Autumn Statement yesterday of £7.2 billion-worth of spending, signalling the Prime Minister’s commitment to housebuilding.