The government has announced a company to champion homes being built on surplus railway land.
Platform4 will kickstart the delivery of up to 40,000 new homes over the coming decade by transforming surplus land into thriving communities.
Previously, different companies operated independently, each managing different aspects of surplus rail land across the UK.
This fragmented approach often led to inefficiencies, duplicated efforts and missed opportunities, the government says.
Now it claims Platform4 will bring functions, skills and capabilities together in a unified structure to deliver 40,000 homes over the coming decade by disposing of surplus rail land, attracting private investment and accelerating community regeneration.
Four sites already earmarked for development include Newcastle Forth Goods Yards, Manchester Mayfield, Cambridge and Nottingham, which together will see over 2,700 new homes delivered.
Deputy Prime Minister and Housing Secretary, Angela Rayner, says: “We are facing a housing crisis which has led to a generation being locked out of homeownership, all while land sits empty and disused across the country.
“We said we’d do everything possible to get Britain building, and that’s why today we’re setting out how we’ll get more homes built across surplus railway network sites in line with our brownfield-first approach and our Plan for Change target of delivering 1.5 million homes.
“Platform4 will champion putting stations at the heart of communities, unlocking growth, regeneration and opportunities in surrounding and connected areas.
“Profits generated from the property company will be reinvested into Britain’s railways, supporting better services and infrastructure while delivering value for passengers and taxpayers.”
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