Mayor of London calls for £2.2bn emergency funding as starts plummet

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Khan has criticised ministers for failing to act and put into public investment ’a stalling market’

Sadiq Khan has repeated his call for the government to inject £2.2bn in emergency funding into affordable housebuilding and criticised ministers for failing to take action to kickstart “a stalling market”. 

He warned that a failure to boost funding was exacerbating “a national housebuilding downturn” and that extra funding was needed to keep housebuilders on site in London and across the country. The latest Greater London Authority figures, published on Tuesday this week, show that between April 2023 and March 2024, building started  on just 2,358 grant-funded affordable homes in the capital, down from 25,658 in the previous year.

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