Communities Secretary Sajid Javid MP has unveiled plans to spend £2bn on an accelerated construction scheme to get more homes built on public owned brownfield sites. Speaking at the Conservative Party Conference this week, he also announced a new £3bn Home Building Fund, offering loans to encourage further housing development.
With ambitious plans to build over a million new homes by 2020, areas such as Wychavon could see many more new homes developed across all tenures.
Several brownfield sites across Evesham and Pershore have already been allocated for housing development under the regions development plan, which could potentially be accelerated by the new government funding.
I am regularly asked by landlord clients, whether the extensive recent housing development across Wychavon is likely to impact the demand for their rental properties. The truth is that, despite the hundreds of new homes built across the district in recent years, we are still a long way from satisfying the local demand for housing. The private rented sector still plays a very important role in providing suitable affordable housing in the region.
The South Worcestershire Development Plan (2016) identifies Evesham as a town with a particularly high level of housing need. In particular, the town requires much more affordable housing and future planning will also aim to integrate a significant percentage of social rented housing wherever possible.