House building is sustaining growth in a booming South Eastern economy claims a report by the South East England Regional Assembly.
The region built 33,300 homes in 2005/06 and maintained economic success above the UK average, measured by the amount each person contributes to the economy. At the same time, exceeding Government's 60% target, the region built three quarters of its new homes, offices and leisure developments on previously used land, reducing the need for green field building. Figures come from the Assembly's annual Regional Monitoring Report, which tracks how well the region is performing against housing, economic, transport and environment targets. The report also shows 7,000 affordable homes were grant funded by the Housing Corporation in 2005/06, up from 6,700 the previous year.Assembly chairman Cllr Keith Mitchell said: 'The South East delivers great economic performance year on year, contributing £11 billion to Treasury last year. The region exceeded the target for new build on re-used land and evidence shows that new homes and other developments are supporting our thriving economy. 'Affordable housing is up too but we still need to do more. The region needs more affordable homes of the right size and type to meet family needs and reach the proposed target of 10,000 homes each year in the South East Plan.'