The Conservative Party has pledged to extend the Right to Buy to all housing association tenants and create a £1bn brownfield fund for new housing, if it wins the general election.
Launching its 2015 manifesto today [see attached] prime minister David Cameron said “the dream of a property-owning nation is alive and we will help you fulfil it”.
The party said it will fund the replacement of properties sold under the extended Right to Buy by requiring councils to sell off their most expensive properties as they fall vacant.
It also pledged to create a £1bn brownfield regeneration fund, to unlock land for 400,000 new homes.
A Conservative government would also aim to double the number of custom and self-built homes by 2020 and take forward a new Right to Build, requiring councils to allocate land to local people to build or commission their own homes.
The manifesto also reiterated past pledges, including an extension of the Help to Buy scheme to 2020, the creation of the Help to Buy ISA, and the construction of 200,000 starter homes for first-time buyers under the age of 40.
The party said it would protect greenbelt land as part of £3bn it will spend on its common agricultural policy over the next five years.
It also pledged to back locally led garden cities, such as Ebbsfleet and Bicester, including the necessary infrastructure to support them.
Other Conservative Party pledges:
- Building 1,400 new flood defence schemes, to protect 300,000 homes
- Push forward with plans for Crossrail 2
- £38bn in the railway network in the five years to 2019
- Roll out national high-speed rail network, with High Speed 2 and High Speed 3
- Create 3m new apprenticeship and take everyone earning less than £12,500 out of income tax
The Labour Party launched its manifesto yesterday, which said that every firm winning a major contract from the government will be required to offer apprenticeships, it won the general election.