Stephen Barter comments on DCLG’s announcement of the first three locations signed up to deliver on a new agreement between Network Rail and the Homes and Communities Agency.
Stephen Barter, chair of real estate advisory at KPMG, comments on DCLG’s announcement of the first three locations signed up to deliver on a new agreement between Network Rail and the Homes and Communities Agency to develop land around railway stations, delivering new homes and locally led regeneration:
“In the past, stations were the thriving hubs of our communities; this announcement, trailed in last month’s Budget, will enable them to become so again. By using land around stations as the catalyst for regeneration, not only will we see much-needed new homes and businesses in the area, but we’ll also see a wider regeneration of our town centres.
“With York, Swindon and Taunton leading the way, it must be hoped that other local areas will swiftly come forward. On-going Government support, in its various forms, alongside local commitment, will provide a much needed catalyst to create the thriving, mixed use communities that will deliver a boost to these towns and to the UK economy."
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