Response: Wolfson Economic Prize

By: Toby Lloyd  Published: June 2014


Summary

England desperately needs more homes. But our supply system is locked into a low output, low quality and high cost paradigm. Our New Garden City model transforms this dysfunctional system by delivering: 

  • Pension funds supporting large scale house building.
  • 1,000+ homes built out per year per site.
  • A viable, large scale off-site residential construction industry.
  • A small and medium house builder renaissance.
  • Quality homes affordable to the builders and architects who create them.
  • Substantial self-build contribution to supply.
  • A self-funding mechanism for transport infrastructure upgrades.
  • Local people having vested interests in supporting development.
  • Community ownership of assets funding exemplary local services.
  • Zero public finance for development.
Our submission sets out how to make this vision a reality by building a New Garden City with a population of 150,000 on the Hoo Peninsula, Medway. With detailed analysis of Stoke Harbour - a self-sufficient town of 35,000-48,000 people that will be the seed settlement in a polycentric city - we show how our model can leverage massive new private investment into the provision of high quality homes, jobs, services and infrastructure.

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