Responding to the announcement that the Government will work with the Mayor of London to establish a City Hall Developer Investment Fund, Muniya Barua, Deputy Chief Executive at BusinessLDN, said:
“It’s positive news for London that the Government and Mayor are working together to establish a City Hall Developer Investment Fund.
“If London is to hit its new housing target of 88,000 homes a year, all avenues to increase supply must be pursued including direct intervention from City Hall.
“That’s why we previously set out a blueprint for how a City Hall Developer could be established and the role it could play in leveraging in long-term private investment to boost housebuilding.”