Housebuilder keen to 鈥檖lay its part鈥� in government鈥檚 plans
Berkeley Homes has announced plans to return to the land market after being absent for more than two and a half years.
The housebuilder鈥檚 chief executive Rob Perrins presented the move as a response to the government鈥檚 decision to revise the National Planning Policy Framework (NPPF).
Housing secretary Angela Rayner announced the changes, which included the re-introduction of mandatory housing targets, on Wednesday afternoon.
A new method calculating housing need will result in combined annual housebuilding targets at a national level rising from 300,000 homes to 370,000.
鈥淢inisters have challenged industry to do more and Berkeley is determined to play our full part,鈥� said Perrins.
鈥淲e have therefore today laid out plans for how we can start an additional 10,000 private and affordable homes over the next five years.
>> See also: Berkeley to launch 4,000-home build-to-rent management business as annual profit falls
鈥淭hese plans include accelerating work on our current long-term sites, securing new deliverable planning permissions, investing over 拢1bn into a new 4,000 home Build to Rent programme, and returning to the land market having not bought a new site for more than 2陆 years.鈥�
Berkeley鈥檚 plan to create a build-to-rent developer was announced last month alongside its annual results.
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