The BPF has made the request ahead of the Autumn Budget on 30th October, calling for a “clear long-term agenda” to give investors confidence.

Specifically, the federation has called on the government to “supercharge” delivery of affordable housing by increasing subsidy levels by £9bn to £14bn a year to help deliver 145,000 homes a year.

To accelerate affordable housing delivery, the BPF is also calling for the reinstatement of the Stamp Duty Multiple Dwellings Relief to support valuations and development viability.

Elsewhere, the federation is supporting the CBI’s call for the government to set a clear roadmap for business rate reform.

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This would include removing the current annual inflationary uplift so it is fixed like all other taxes, and introducing annual revelations to reflect changes in trading conditions. The government should also facilitate more investment in town centres and high streets through the establishment of Town Centre Investment Zones, according to the BPF.

Finally, the BPF is also calling on chancellor Rachel Reeves to expand on her support for planning reform by boosting funding levels beyond the 300 additional planning officers already announced.

“We recognise the challenging fiscal environment for the government but there are billions of pounds of global capital potentially available to UK real estate and the chancellor should set out a clear vision and positive agenda for growth to unlock the long-term private capital needed to build more homes, employment spaces, decarbonise our older building stock and create the platform for growth,” said Melanie Leech, CEO at the BPF.
 
“The new government has shown real urgency in moving forward reform of the planning system — alongside this we urge the chancellor to consider a number of tax and funding incentives that remove some of the current challenges and barriers for investors and send a clear message that the UK is open and planning for growth."