CBI Comments On Deputy Prime Minister's House Building Pledge

The CBI today responded to an announcement by the Deputy Prime Minister, Nick Clegg, that the Government is making £225m available to unblock stalled housing projects.

John Cridland, CBI Director-General, said:

“Building houses is one of the quickest ways to boost jobs and growth, and by focusing on stalled sites, the Government is rightly reaching for quick wins. 

“The £225m being made available to leverage private investment should inject confidence into the sector by offering some welcome respite for house-builders struggling to fund major developments.

“However, house builders need the Government to deliver on its promises by urgently clarifying how this new funding will work alongside the £10bn of government guarantees, and by championing NewBuy to boost demand.

“Over the longer term, we need to develop thriving local economies and look forward to hearing more about how the plans for garden cities can make this happen.”

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