Context
Property developers often obtain planning permission but do not start construction, leading to land banking. This issue is exacerbated in areas like Hinckley and Bosworth where outdated local plans create vulnerabilities for speculative development.
Question
What steps his Department is taking to tackle land banking by property developers and encourage development. Too often, planning permission is granted and building work simply does not start. This issue affects areas with outdated local plans and significant pressure on green spaces due to a lack of coordinated urban expansion.
Answer from Lucy Frazer
Through the Levelling up and Regeneration Bill, developers will be required to notify local authorities when development starts, and powers to serve completion notices will be streamlined. Housing developers must now report annually on delivery, allowing local authorities to decline determining applications from non-compliant developers.
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