{"id":149817,"date":"2025-03-27T11:28:59","date_gmt":"2025-03-27T11:28:59","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=149817"},"modified":"2025-03-27T14:41:29","modified_gmt":"2025-03-27T14:41:29","slug":"network-rail-to-form-property-company-to-deliver-land-for-40000-homes","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/network-rail-to-form-property-company-to-deliver-land-for-40000-homes\/149817\/","title":{"rendered":"Network Rail to form property company to deliver land for 40,000 homes"},"content":{"rendered":"<h2><a href=\"https:\/\/www.networkrail.co.uk\/\" target=\"_blank\" rel=\"noopener\">Network Rail<\/a>\u00a0will facilitate the sale of surplus government land for housebuilding, with 40,000 new homes predicted over the next decade<\/h2>\n<p>As part of the <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-industry-reacts-to-2025-spring-statement\/149807\/\" target=\"_blank\" rel=\"noopener\">Spring Statement<\/a> announcements, the Treasury confirmed that a new cross-government taskforce will be set up to release surplus public land for housing. Network Rail will set up a new property company to unlock land for housing, in tandem with unused Ministry of Defence sites being earmarked for armed forces families housing.<\/p>\n<p>It is not clear how many of the Network Rail property company&#8217;s developments could contain affordable housing.<\/p>\n<p>Public and private investment will be sought to develop brownfield sites.<\/p>\n<h3>Sites already in the pipeline for development by the Network Rail property company include:<\/h3>\n<ul>\n<li>Newcastle Forth Yards: a 100-acre regeneration opportunity which could deliver 5,000 new homes<\/li>\n<li><a href=\"https:\/\/www.pbctoday.co.uk\/news\/projects\/plans-submitted-for-first-phase-of-housing-at-mayfield-park\/149569\/\" target=\"_blank\" rel=\"noopener\">Manchester Mayfield<\/a>: opportunity for 1,500 new homes<\/li>\n<li>Cambridge: a mixed-use development with 425 homes<\/li>\n<li>Nottingham: 200 new homes following 348 successfully delivered homes at The Barnum, Nottingham<\/li>\n<\/ul>\n<h3>Making use of a &#8220;huge untapped resource&#8221;<\/h3>\n<p>Speaking after Wednesday&#8217;s spring statement, chancellor Rachel Reeves said that surplus government land was &#8220;a huge untapped resource that could create opportunities for the next generation of homeowners&#8221;.<\/p>\n<p>She added:\u00a0&#8220;The OBR (Office for Budget Responsibility) has confirmed our planning reforms will result in <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/obr-forecast-predicts-huge-housebuilding-boost\/149818\/\" target=\"_blank\" rel=\"noopener\">housebuilding being at its highest in over 40 years<\/a> &#8211; that won&#8217;t just bring jobs and economic growth &#8211; but also will give families the homes that they deserve, delivering on our plan for change.&#8221;<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Network Rail and the Ministry of Defence will facilitate the sale of surplus government land for housebuilding, with 40,000 new homes predicted over the next decade. <\/p>\n","protected":false},"author":25,"featured_media":149823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[734,572,699,928],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-149817","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","8":"tag-brownfield","9":"tag-housebuilding","10":"tag-land","11":"tag-rail-network"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>New Network Rail property company to deliver land for 40,000 homes<\/title>\n<meta name=\"description\" content=\"A new property company formed by Network Rail will facilitate the sale of surplus government land for housebuilding for 40,000 new homes\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/network-rail-to-form-property-company-to-deliver-land-for-40000-homes\/149817\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Network Rail to form property company to deliver land for 40,000 homes\" \/>\n<meta property=\"og:description\" content=\"A new property company formed by Network Rail will facilitate the sale of surplus government land for housebuilding for 40,000 new homes\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/network-rail-to-form-property-company-to-deliver-land-for-40000-homes\/149817\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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