Funding housing and local growth: how a British investment bank can help
Authors:
Dr Nicholas Falk
Published in:
The Smith Institute
Date:
June 2014
Themes:
Economic growth and land management
Locations:
Summary:
Funding Housing and Local Growth advocates for a transformative approach to housing development in the UK. It proposes establishing a Municipal Investment Corporation (MIC) linked to a British Investment Bank (BIB) to mobilise private investment and enhance infrastructure. By prioritising upfront infrastructure, selecting optimal growth locations, and fostering local authority collaboration, the report aims to double house-building rates and create sustainable neighbourhoods. It critiques the current financial system’s shortcomings and highlights successful international models, urging a shift towards smarter growth that balances economic needs with environmental and social considerations for future generations.
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