May's overhaul of council housing funding should go further, industry figures say

By Jordan Marshall2018-10-04T06:00:00

Lack of people to build houses still poses a significant challenge according to construction bigwigs

Industry has welcomed the news that the government is set to unlock funds to get council’s building houses but said it was just the first step to solving the housing crisis.

Yesterday, prime minister Theresa May signalled the start of a new era of council-house building in England by announcing an end to borrowing rules that stop local authorities using a key fund to deliver new homes.

In a measure to boost housebuilding that had gone untrailed, May used her speech to this year’s Conservative Party conference in Birmingham to announce the move that councils have long called for – using the revenue from their existing social housing to invest in new stock.

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