Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential (a) merits of reducing taxes on developers of brownfield sites and (b) impact of doing so on the regeneration of town centres.

The government has announced reforms to the National Planning Policy Framework that will deliver key steps to get Britain building, and the reforms introduced through the Planning and Infrastructure Bill will streamline the delivery of new housing and regeneration projects.

The government has also committed to deliver 1.5 million new homes as part of our mission to achieve economic growth across the country. At Autumn Budget, the government announced over £5 billion total housing investment in 2025-2026 to boost supply.

Tax stability is important for investment in regeneration, and the government has committed through the Corporate Tax Roadmap to provide the stability needed for businesses to make investments that are critical to boosting growth in the UK.