Jobs, Growth and Social inclusion

HCA smashes targets to get Britain building

HCA smashes targets to get Britain building

The Homes and Communities Agency has beaten its main delivery targets for 2012/13.

Provisional agency year-end figures show the agency has hit goals for land reclamation and disposal and creation of office and commercial floorspace, and is on track to meet targets under the Get Britain Building fund.

During the year it leveraged nearly £1bn of private sector investment, and anticipates reporting a strong performance on housing starts and completions when official figures are reported in June.

Through the Get Britain Building programme, helping to unlock stalled sites by providing access to investment finance, the HCA has entered into contract on 182 schemes, of which 170 have started on site to provide more than 11,000 homes.

HCA 2012/13 delivery

•    Disposed of land for 4,704 homes, against a target of 3,370.
•    Created 322,000 sq m of office, commercial and employment floorspace, against a target of 185,658 sq m.
•    Created 12,000 jobs in the construction and supporting industries.
•    Leveraged nearly £1bn of private sector investment.
•    Brought more than 113 ha of previously developed land back into use for housing or commercial development, against a target of 94 ha.


Richard Hill, CEO, said: “Against a tough economic background and with a great deal of challenge and change in the housing sector, the HCA and our partners have again achieved a strong performance and helped get Britain building.


“We are responding to the government’s ambition to release surplus public land into the market to accelerate the development of new homes, and we’ll build on this early success next year through our own programmes and support other government departments with their efforts.


“This all puts us in a strong position for the forthcoming year, and with challenging targets, new programmes and £4.5bn of further investment announced in the Budget, we will continue to need the support of the wider sector in creating successful places with homes and jobs.”


The HCA’s total investment for the year was as planned at £1.39bn.

 

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