Commenting on the announcements made by Phillip Hammond today, Karl Edge, Midlands Regional Chairman at KPMG, said:
“A real boon for the West Midlands is the announcement of a £350m investment for a major housebuilding programme in the region. It’s no secret that the housing shortage is a major issue in our local community, and in our recent productivity report, it was one of the top four priorities in need of addressing to help boost productivity.
“With the fractured economic landscape the UK is currently facing, this investment will not only help address the urgent housing need, but also boost the region’s confidence and attractiveness for investors.
“However, housing is just the start, and some questions remain. For example, how many of the 215,000 homes will support inclusive growth through initiatives like social housing? We’ll need to take a closer look as further details emerge over the coming days. Nevertheless, this is a positive step forward for the West Midlands – our time really is now.”
For further information please contact:
Jo Chileshe, KPMG Corporate Communications
T: +44 (0) 121 232 3343
M: +44 (0) 7919 211 803
About KPMG in the UK
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff. The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.