The Liberal Democrats today set out plans to bring a quarter of a million empty homes back into use, making homes available for people who need them and creating 65,000 jobs.
There are over 760,000 empty properties across England which are no longer used as homes but can be brought back into use with some investment. People who own these homes will get a grant or a cheap loan to renovate them so they can be used: grants if the home is for social housing, loans for private use.
The plans form part of the economic stimulus package outlined as a core principle of the Liberal Democrat election manifesto. In the first year of the new Parliament, the party would redirect over £3.6bn of spending to create jobs and build up Britain's infrastructure. In the following years this money will be redirected to other Lib Dem spending priorities and reducing the structural deficit.
This is excellent news, and win-win-win-win territory. Homeless families win - increasing the housing stock makes it easier to find a home. Owners of empty properties win because it helps them turn a burden into an asset. It's good for the environment because restoring existing properties is more carbon-efficient than building new homes from scratch, and because it can help councils resist green-belt development and the new land it takes for housing. Providing more housing in existing communities also helps with transport and infrastructure planning. Local authorities win because occupied homes pay council tax, whilst empty ones often don't. And it's a win for employment and jobs since getting 750,000 homes up to standard is going to take a lot of employees to do so.
Follow the party's activity on...