Centre for London is a politically independent think tank focused on the challenges facing London. The Centre acts as a sounding board, discussion forum and critical friend to London’s leaders, and is committed to developing long-term, rigorous and radical solutions for the capital.
With around 250,000 households currently on local authority waiting lists in the city, the Centre undertook research to explore the feasibility and applications of a pan-London approach to building more affordable homes.
The cost of delivering new homes in central London is often prohibitive. The report, Strength in Numbers: Funding and Building More Affordable Homes in London argues that partnerships between well-funded central boroughs and outer London boroughs where land is more affordable could provide one solution. Costs imposed on the host borough by the new homes would be vastly outweighed by the benefits – not least more homes for local residents.
Centre for London's Joanna Corfield notes that her team “thought it was particularly important to convene a range of partners to work on the project including private, public and not-for-profit organisations and from across the political spectrum”.
Mount Anvil was delighted to act as an advisor and funding partner for the report. We support the Mayor of London’s recent SPG proposal, and believe that Centre for London’s approach could make a real difference in the capital.
As Mount Anvil CEO Killian Hurley commented, “We are seeing better housing solutions come out of collaboration across boroughs. Progressive boroughs are increasingly open to higher density, provided that it is a design-led scheme with appropriate levels of affordable housing. We support the Mayor’s aim to boost the supply of affordable housing through the SPG proposal, striving to increase supply across all tenures – this is good for Londoners and London itself.”
Killian has also added his signature to an open letter to the Housing Minister highlighting and backing this Centre for London report and its innovative proposals.
Centre for London will carry on the legacy of the report through further engagement with policy makers and undertaking more research to examine the challenges, lessons and opportunities for London boroughs.