RIBA president welcomes budget statement
March 24 2011
Reed welcomed proposals to make it easier to convert commercial premises to residential; a shift in regulations which will dovetail with creation of 21 enterprise zones where planning rules will be relaxed and the creation of a green investment bank.
“The 2011 budget recognises the role of the construction industry and new development in stimulating economic growth”, Reed averred. Adding: “The RIBA welcomes the potential for streamlining the planning system and for promoting development in enterprise zones provided that they are achieved in a framework that protects the essential requirements of sustainability and good design.
“The latest plans for a Green Investment Bank with its additional money, earlier delivery date (from 2013 to 2012) and moves to become a genuine bank for 2015 appear to be much more ambitious than expected and are very welcome. The bank should play a crucial role in building the new, much needed, green economy and in financing initiatives that can make a real impact such as the Green Deal.”
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