We need help up North too
May 15 2009 by Catriona Lingwood, Constructing Excellence
Disillusioned by the foisting of the industry’s problems on to the private sector? It gets worse for those of us working in the North East. Indeed, anywhere but the South and South East, for that is where the majority of work is expected to be aimed.
Essentially, the investment fund will buy private rental homes within mixed tenure schemes from developers and housebuilders and get the schemes active.
The HCA may guarantee to pay the fund part of lost rental income if the number of empty homes rises above a certain level, or possibly underwrite the scheme for the early years.
Nice idea, but what about us up here. Surely our accents aren’t that strong that you can’t understand that the North is as much in need of help as the South.
For more information on Constructing Excellence in the North East, please contact chief executive, Catriona Lingwood, on (0191) 383-7435 or catriona@cene.org.uk
Catriona Lingwood is chief executive of Constructing Excellence in the North East