A report has called for £3bn of taxpayer funds to be allocated to developers through a ‘help to build’ scheme to prevent a collapse in the supply of new homes. Housebuilders should be handed grants of up to £25,000 for every new home to protect the industry amid a coronavirus collapse in demand, the Centre for Policy Studies think tank said. It comes amid evidence that families are shunning the property market because of fears about losing their job. Grants should only be issued for properties that have been sold and could go towards buyer discounts or part-exchange schemes, the CPS said, leading to 150,000 homes being built.
The Daily Telegraph (09/06/2020)