What the Budget means for us and for the people we build for
Summary
The article gives a construction-sector view of the Budget, highlighting support for devolution, brownfield development and housing delivery, alongside some cost pressures that remain. It also notes a proposed easing of Biodiversity Net Gain requirements for smaller residential brownfield schemes and a statement that there will be no major building regulation changes this parliament apart from building safety measures.
Why it matters
For residential property surveyors, the Budget signals potential changes to planning, development viability and housing supply, especially on brownfield sites. It also reinforces the importance of stable regulatory expectations and early contractor involvement on public and residential schemes.
Key points
- Biodiversity Net Gain is to be dropped for residential brownfield developments up to 1.5 hectares, with timing still to be confirmed.
- The Chancellor said there would be no major building regulation changes this parliament, aside from building safety improvements.
- Additional funding was announced for devolution, mayoral growth funds and social and affordable housing.
- The article says construction costs remain high and finance is still expensive, limiting scheme viability.
- Early contractor involvement is presented as a way to improve cost certainty on public projects.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
