The Mayor of London has approved a scheme that will boost off-site construction and affordable housing in the capital.
It will drive an approach to building that will see homes and their components constructed in factories, to detailed specifications, before the finished products are dropped on site.
The hope is it will not only increase the speed of construction on site, but will also boost industry capacity.
Sadiq Khan has given the go-ahead for off-site construction of a 21-storey building that will be located in Croydon.
One of the tallest buildings of its kind, the building for Croydon that will benefit from off-site construction could also have up to 100% affordable housing.
This project at Addiscombe Grove already has more than 70% of the homes secured as affordable because the value of these properties is below the market value for first-time buyers.
In addition, the developer for the scheme has agreed in principle to make the other homes available for shared ownership, meaning that all 153 at Addiscombe Grove will be affordable.
This commitment is also in line with the Mayor’s plans to make more homes more affordable – as set out in his draft London Plan – and the units in the 21-storey dwelling will meet the space standards outlined in Mr Khan’s plan.
And he hopes that schemes like this will encourage off-site construction, as well as helping people in the capital seriously consider careers in the industry.
Mr Khan said this way of building is one of the “bold new approaches” needed in the fight against the housing shortage that exists in London.
He said: “Tackling London’s housing crisis requires bold new approaches. We know turning things round will take time, but off-site construction is an innovative way to speed up building the affordable homes our city needs.
“I invested in Pocket Living to help them build genuinely affordable homes that are sold to local people first.”