Swift Economic Boost

In recently published research by Shelter and the National Housing Federation, executed by the Centre for Economics and Business Research (CEBR), a compelling case is made for the economic and social benefits of constructing 90,000 social rented homes annually. This initiative, beyond addressing the dire need for affordable housing, promises a staggering £51.2bn addition to the economy, with effects felt almost immediately. Within a year, £32.6bn would be generated, supporting almost 140,000 jobs, showcasing the rapid impact on the economy and employment.

Beyond the Build

This ambitious programme not only promises to break even within three years but also projects a £12bn profit for the taxpayer over 30 years. The ripple effects of such an investment extend beyond the immediate economic boost, paving the way for long-term benefits including substantial savings on housing benefits, a reduction in homelessness, enhanced employment opportunities, and notable improvements in healthcare outcomes.

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Cebr is an independent London-based economic consultancy specialising in economic impact assessment, macroeconomic forecasting and thought leadership. For more information on this report, or if you are interested in commissioning research with Cebr, please contact us using our enquiries page.