Government has to do something, chief executive Matthew Pratt warns
The boss of one of the country鈥檚 biggest housebuilders has said the government still needs to press ahead with reform of the planning system amid suggestions certain proposals will be ditched.
Matthew Pratt, chief executive of 拢2bn-turnover Redrow, responding to reports that the government鈥檚 planning reforms will be watered down in the face of backbench opposition, said: 鈥淭his was their [the government鈥檚] fix, if this isn鈥檛 going to be their fix, what is going to be their fix?鈥�
Major elements of the government鈥檚 proposed reforms to the planning system, including plans for mandatory local housing targets and a zonal system to classify land for development, are reportedly set to be dropped.
Pratt, speaking just before yesterday鈥檚 cabinet reshuffle which saw housing secretary Robert Jenrick sacked and replaced by Michael Gove, said the current system made it difficult for developers to plan as there is 鈥渘o certainty鈥� as to when or if planning approval will be granted.
He said: 鈥淚 can tell you sites where they鈥檝e been allocated only months earlier in a local plan, we go for outline planning permission and it gets refused by the same people.
鈥淲e can鈥檛 really work within a system where one minute they tell us one thing and the next minute they tell us another thing.
鈥淚t鈥檚 that certainty of understanding what鈥檚 happening out there, it becomes incredibly political, so trying to plan a business around the fact of a planning system that is not ideal is a problem.鈥�
Redrow yesterday reported a 124% increase in pre-tax profit in its results for the year to 27 June. But the pre-tax profit of 拢314m was still 23% down on the 拢406m posted in the year before the pandemic.
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