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According to recent Glenigan data for the Homes and Communities Agency, at September 2011, there are around 90,000 stalled units with planning permissions across England that are classified as being on hold or shelved. Our understanding from the housebuilding industry is that there are a further 43,000 with planning permission that have started but where there has been no progress in 12 months. We expect the £400 million "Getting Britain Building" investment fund to unlock up to 16,000 units by supporting building firms in need of development finance. The prospectus for the fund will be issued shortly.
The final number of sites and houses that will be supported will be known once the competition has been completed and bids have been approved on the basis of value for money. At this stage we will also have a better understanding of their location and building timeframe.