• Register
Return to: Home > announcements > London First and Grant Thornton partner to tackle London’s housing shortage

London First and Grant Thornton partner to tackle London’s housing shortage

Press release by Grant Thornton UK

Press release by Grant Thornton UK - Grant Thornton UK LLP has joined forces with London First to explore ways businesses and public sector organisations can work together to tackle the shortage of housing in London.

This partnership will see Grant Thornton supporting London First's Fifty Thousand Homes campaign to double housebuilding in London to at least 50,000 homes a year by the end of the next Mayoralty in 2020, in order to protect and enhance the capital's competitiveness as a global city. Other supporters include the CBI, Shelter, and the Federation of Small Businesses, London.

Grant Thornton will lead an inquiry, working with London First to examine potential solutions to the shortage of housing in the capital. The inquiry will consider whether employer-led schemes and a new 'build to rent' model could help increase supply and solve the shortage of affordable housing in London.

This inquiry forms part of Grant Thornton's commitment to help create a vibrant economy - one which realises the shared potential of businesses, cities, people and communities across the UK.

Will McWilliams, Partner at Grant Thornton UK LLP who will join the advisory board of London First's Fifty Thousand Homes campaign, said:

"London is in the grip of a housing crisis. The chronic shortage of affordable housing in London is affecting everyone: from the business community losing talent to other areas with more affordable housing; to the 283,000 households on London council housing waiting lists; and those families spending 59% of their pay packet on rent, unable to get on the property ladder with the average house price in London now nine times the average annual salary.

"At Grant Thornton, we're looking at ways to create a vibrant economy, where businesses, people and communities can flourish. Housing is a fundamental part of this and our inquiry will investigate the best ways we can get organisations from across the private and public sectors in London working to solve the housing shortage.

"We're excited to be working with London First and supporting their Fifty Thousand Homes campaign. Together we believe we can convene London's largest employers and key players in the housing market to deliver specific measures that will help increase the supply of housing across the private rented, social and private ownership sectors."

Baroness Jo Valentine, Chief Executive at London First, said:

"Business has a vital part to play in helping London get the housing it needs. We're delighted that Grant Thornton is joining forces with the Fifty Thousand Homes campaign as a new mayor enters City Hall, an exciting opportunity for new ideas and new commitments to increase housebuilding."

 

Top Content

    The UK: uncertain waves rule Britannia

    he UK’s accountancy profession is currently in a period of much uncertainty. The Competition and Markets Authority (CMA) has released its review into the listed audit market which could cause the biggest shake-up the profession has seen in years, the Kingman Review has described the Financial Reporting Council (FRC) as not being fit for purpose and called for it to be replaced. All the while the country remains in a deadlock on Brexit negotiations.

    read more

    Views from the Eurozone

    With Brexit looming, populist governments gaining footholds in a number of countries and movements such as the Yellow Jacket protests in France, 2018 was anything but a quite year for the eurozone. Here leaders report to the IAB on their markets.

    read more

    Eastern promise and how to find it

    With China rising as a global power, Jonathan Minter spoke with ShineWing’s Zhang Ke and Marco Carlei at the World Congress of Accountants 2018 in Sydney, to discuss the cultural challenges that occur when Chinese networks look beyond their border, and the dividends available for those who overcome them.

    read more

    Spain: looking to widen demand

    As Spanish accounting professionals prepare for new audit regulations, the Paul Golden asks what they need to do individually and at firm level to maintain and increase demand for their services.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.