{"id":36726,"date":"2017-11-28T11:45:34","date_gmt":"2017-11-28T11:45:34","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=36726"},"modified":"2017-11-28T11:45:34","modified_gmt":"2017-11-28T11:45:34","slug":"bpf-submits-sector-deal-proposal-to-build-500000-homes","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/bpf-submits-sector-deal-proposal-to-build-500000-homes\/36726\/","title":{"rendered":"BPF submits sector deal proposal to build 500,000 homes"},"content":{"rendered":"<h2>The British Property Federation (BPF) has announced it has submitted a Sector Deal proposal to government on behalf of the real estate industry<\/h2>\n<p>The announcement follows the publication of the government\u2019s <a href=\"https:\/\/www.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/662508\/industrial-strategy-white-paper.pdf\">Industrial Strategy White Paper<\/a> \u2013 and the\u00a0first three Sector Deals committing industry and government to achieving the Industrial Strategy\u2019s ambition in partnership.<\/p>\n<p>The <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/does-the-budget-add-up-for-the-construction-sector\/36660\">real estate <\/a>Sector Deal proposal highlights how the real estate industry underpins the UK\u2019s economic and social wellbeing, and how it will be essential to the delivery of other Sector Deals including construction.<\/p>\n<p>The proposal seeks a partnership with government where both sides would work together to maximise the real estate industry\u2019s contribution to the economy, and to creating infrastructure and great places to live, work and relax across the country, by:<\/p>\n<ul>\n<li>Building capability and capacity \u2013 in particular, increasing the delivery of housing, and making sure real estate and construction have the skills they need for the future<\/li>\n<li>Targeting growth opportunities \u2013 driving local delivery through more effective partnerships and processes, including planning and procurement<\/li>\n<li>Future-proofing the industry \u2013 attracting investment, harnessing technological changes and responding to future challenges.<\/li>\n<\/ul>\n<p>Through partnership with government, the real estate industry aims to deliver:<\/p>\n<ul>\n<li>\u00a3120bn of new investment in housing<\/li>\n<li>500,000 additional homes by 2030<\/li>\n<li>A long-term strategy to ensure that good quality homes are accessible for all<\/li>\n<li>50,000 new jobs in a diversified sector<\/li>\n<li>A \u00a32.5m research programme to drive innovation<\/li>\n<li>More resilient construction and real estate sectors.<\/li>\n<\/ul>\n<p>The real estate industry, in return, asks government for a stable UK tax, regulatory and <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/planning-system-holds-back-new-homes\/29505\">planning system <\/a>that will allow the industry to reach its full potential. In that respect, the BPF has expressed concerns about the announcement in last week\u2019s Budget that non-resident property sales will be subject to Capital Gains Tax from April 2019, changing the basis on which the Sector Deal proposal was based and potentially jeopardising its full delivery.<\/p>\n<p>Melanie Leech, chief executive, <a href=\"http:\/\/www.bpf.org.uk\/\">British Property Federation<\/a> said:\u00a0\u201cReal estate underpins and enables all economic activity in the UK, and the industry has come together to demonstrate how we can ensure our sector can reach its full potential and play a significant role in the future success of our nation.<\/p>\n<p>\u201cOur success both supports, and depends on, other sectors. We welcome the announcement today of a Sector Deal for construction \u2013 as the funders of construction activity, our proposal is complementary to, and supportive of, the construction deal and we look forward to an early discussion with ministers.<\/p>\n<p>\u201cIt is essential that the real estate and construction sectors work together to build capacity and skills to deliver an ambitious building programme, and create the physical environments to support businesses and people in both work and life.<\/p>\n<p>\u201cFundamental to our proposal is that the UK remains an attractive place for overseas investors and we have also today written to the Chancellor to express our concerns about the announcement on Capital Gains Tax in last week\u2019s Budget. We need joined-up thinking on all sides if we are to deliver the investment and the physical fabric our country needs.\u201d<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The British Property Federation (BPF) has announced it has submitted a Sector Deal proposal to government on behalf of the real estate industry<\/p>\n","protected":false},"author":16,"featured_media":0,"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":[601,666,276,656,747],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-36726","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-accessible-housing","8":"tag-affordable-housing","9":"tag-government","10":"tag-housing","11":"tag-property"},"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>BPF submits sector deal proposal to build 500,000 homes | Planning, Building &amp; 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