Categories:Funds,Real Estate

Policy direction on UK garden cities needs real substance, says Eversheds’ Andrews

Eversheds partner Stuart Andrews has commented on the publication of a garden city prospectus by the UK government.

Andrews noted that there will almost inevitably be a push in this direction as the general election approaches and said that the key issue will be effective and speedy delivery.

He said: ‘These large schemes are very hard to make work and they need statutory support in conjunction with clear policy direction. Funding in the long term is essential and that means the policy direction has to have real substance.

‘The initiative also lends itself to institutional funding because it is an expensive long-play both practically and in the delivery of something of real value.’

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