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UK minister working up plans for state-owned housing developer

The Guardian UK Saturday 27 June 2026, 19:00 UTC By Kiran Stacey Policy editor 1 min read
Key Points

Exclusive: Steve Reed is looking at government run scheme that could borrow at lower rates than private developersThe housing secretary has been working up plans for a state-owned housing developer, according to details leaked to the Guardian, as the government looks for ways to stimulate stubbornly low rates of housebuilding. Steve Reed has been looking at proposals to set up a new state-owned developer which could borrow at lower rates than private developers and housing associations,...

Exclusive: Steve Reed is looking at government run scheme that could borrow at lower rates than private developers

The housing secretary has been working up plans for a state-owned housing developer, according to details leaked to the Guardian, as the government looks for ways to stimulate stubbornly low rates of housebuilding.

Steve Reed has been looking at proposals to set up a new state-owned developer which could borrow at lower rates than private developers and housing associations, according to plans leaked to the Guardian.

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UK (LOCATION) Steve Reed (PERSON) Guardian (ORG)
Originally published by The Guardian UK Read original →

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