Bosses at leading affordable housing provider Lovell believe the Government's 10-year Decent Homes social housing improvement programme for local authorities will continue to generate new build and refurbishment work well beyond the current 2010 deadline.
Speaking at the KBC Peel Hunt Social Housing Conference in London today, Lovell managing director Stewart Davenport said: 'We believe this work will go on past 2010. The timetable has already slipped and over 100 local authorities still have to undertake their options appraisal, and many arm's-length management organisations and housing groups with transferred stock have declared that they wish to improve their homes beyond the basic standard.'
The Decent Homes requirement places a responsibility on councils to set a timetable for eliminating backlog repairs in their stock, carrying out ongoing maintenance and upgrading their housing stock.
Mr Davenport added that while the company expected Decent Homes work to continue well beyond the 2010 target, there would be additional demand to upgrade properties which did not require work when they were assessed in 2000 but are likely to before the 2010 deadline.
Lovell is currently undertaking over 20 major Decent Homes schemes across the UK.
Mr Davenport also said that Lovell was procuring more mixed tenure regeneration schemes and had strategic partners in place to address the complex mixed use, large regeneration schemes now coming to the market.
He said: 'We see future market growth in regions such as Scotland, the North East, Milton Keynes, Cambridge, London and the South East. With both the funding and strategic partners in place, Lovell is well placed to take on these large scale regeneration schemes which are likely to increase workload significantly over the next few years.'
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