MAIN IMAGE: Colin Stanbridge
London is not just the UK capital, but one of the world’s greatest cities and an economic powerhouse on the international stage. However, with a population surging toward nine million by 2020 and 10 million by 2030, London is facing a challenge around housing affordability – to buy and to rent – alongside noticeable skills shortages.
This situation is already impacting on both employers and employees. If unchecked, what will this mean for job creation, economic growth and future prosperity?
The WhatHouse? New Homes Debate in partnership with London Chamber of Commerce and Industry (LCCI) and Show House magazine will discuss these pivotal challenges in an event to be held at the Emirates Stadium, London – home of Arsenal Football Club – on Tuesday 20 September.
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Influential and respected leaders from the fields of housing, politics and transport will debate the issues that are key to London’s future, in front of an invited audience from the housebuilding and new homes industry.
The debate will seek to identify practical solutions to help policymakers and decision-takers to be in a strong position to provide housing for London 2020 and beyond.
There will be panel sessions looking at the housing legacy of Boris Johnson, as well as how the new mayor, Sadiq Khan, will meet the challenges, and keynote addresses from some of the most influential names in housing, planning and transport.
The Emirates debate will also feature workshops around key issues such as liberating more land and empowering more housebuilders – talking to developers, politicians and other major stakeholders.
“I am very excited to be part of this fantastic event. It will bring together some of the best minds in London for a real debate, people who are passionate about making development a force for good in this city, and addressing one of London’s main challenges – creating the additional homes we need at prices that are affordable,” said Tony Pidgley, president of London Chamber of Commerce and Industry and chairman of the Berkeley Group.
“London is one of the very best big cities in the world. But success and growth create big challenges too. We need more skills. The right sort of infrastructure so that London keeps moving. And more high quality homes – additionality and affordability. All this in a city that still has to keep its own sense of character and look after ordinary Londoners.
“There never is a silver bullet. What you need are positive people with great ideas and a willingness to collaborate. The answer always lies in getting politicians, planners and developers to work in partnership. That’s how to make London a place for everyone. The mayor and his team have fantastic ambitions for this city – and rightly so. I think this event will bring us all together and inject some real momentum into the discussion. It’s part of how we build the communities and additional homes that London desperately needs at prices that are affordable,” said Pidgley.
Colin Stanbridge, chief executive of London Chamber of Commerce and Industry, said, “We are delighted to partner with WhatHouse? and Show House to put on the New Homes Debate. The issues surrounding housing delivery in London are huge and it will be fascinating getting industry leaders and key stakeholders together to debate the challenges and seek solutions.”
Rupert Bates, editorial director of WhatHouse.com and Show House said the event could prove a genuine catalyst for more coordinated action among housebuilders, politicians and other stakeholders to address London’s housing crisis, delivering the homes, across all tenures, the capital desperately needs.
“We held a fascinating round table on the London housing market at MIPIM in Cannes last March and the desire to make things happen from all the housebuilders who took part was tangible, but recognising there are many hurdles to overcome and joined-up thinking required,” said Bates.
“We feel London Chamber of Commerce and Industry, which rightly puts a big emphasis on housing and so much effort into looking for solutions, is the perfect event partner for us and we are confident of delivering some extremely influential and high-profile speakers to talk to a highly engaged and informed audience of property professionals, ” added Bates.
Jeffrey Adams, chairman of United House Developments and United Living Group, as well as chairman of LCCI Property and Construction Committee, said, “LCCI has a unique voice in the property and construction sector. No other organisation can boast a membership as diverse with such a laser focus on what will work best for the sector in the capital.”
Mark Collins, chairman of UK Residential at CBRE, says the number of homes built in London over the last 20 years has been ‘woefully short’ of what’s needed at an average of just 17,670 per year.
“Over the last decade the population has increased by a million, yet we have only built around 200,000 new homes. London’s population is projected to grow by a further 1.2 million over the ten years to 2024. This is clearly going to put further enormous pressure on the capital’s housing stock. The new mayor will need to find some innovative ways to bring forward housing supply in a way his predecessor couldn’t,” said Collins, who is also deputy chairman of LCCI’s Property and Construction Committee. “Affordability in the housing market is a concern to many Londoners who see becoming a homeowner a diminishing reality.”
A ComRes survey for LCCI found that 48% of businesses believe that the shortage of housing is one of the top three barriers to London’s competitiveness.
“Over the last decade, the private rented sector in London has grown by 59%, or 332,000 households. This has attracted the attention of institutional investors. It has been estimated that around £30-£50 billion of capital is currently earmarked for private rented sector investment across the UK. This scale of investment could make a huge impact on the overall housing supply,” said Collins.
A limited number of sponsorship opportunities are available to put your business at the heart of the London housing debate. For further details please contact Adrian Talbot: email@example.com. Tel: 020 7940 1070.
For further details of the event and debate content please contact Rupert Bates: firstname.lastname@example.org
To register for the event, CLICK HERE