Post by Pension Insurance Corporation plc

We’re pleased to see Margaret Mullane MP in Inside Housing today engaging with the latest report from the Purposeful Finance Commission, which looks at unlocking the delivery of social and affordable housing. Read the full article here: https://lnkd.in/dz578WPQ PIC is proud to chair the Purposeful Finance Commission, whose latest report – Mind the (Viability) Gap – argues that: - England’s social and affordable housing crisis is being driven not just by a lack of ambition, but by a widening “viability gap”, where rising build costs, land values, regulatory complexity and infrastructure delays make otherwise needed schemes difficult to deliver. - Unlocking delivery will require a more coordinated system that gives developers, housing associations, investors and local authorities greater certainty, lower risk and clearer routes from planning to completion. Margaret Mullane MP rightly points out that, to deliver social and affordable housing schemes, “there is an alternative and abundant source of funding that seeks a long-term, safe, guaranteed yield, a ‘patient’ form of investor. At PIC we have invested £15 billion so far in UK housing and infrastructure as we seek to pay the pensions of our policyholders over coming decades. The report’s recommendations focus on practical reforms across regulation, land, funding and community engagement, including streamlined approval pathways, rethinking how land is designated and made available for housing development, predictable long-term funding, and earlier consultation to build local consent. Read "Mind the (Viability) Gap" here: https://lnkd.in/deiG42qZ Labour MP Margaret Mullane: Our fight against the housing crisis can’t be dictated by for-profit developers. If we are going to deliver the homes we need, we must adopt a radically different funding model, writes Margaret Mullane, Labour MP for Dagenham and Rainham.