Theresa May鈥檚 comments come as major policy overhaul announced to speed up work

Housebuilding

The prime minister has outlined a series of planning reforms to speed up the delivery of new homes across the UK and sent a warning to housebuilders 鈥渢o do their duty鈥 to help solve the country鈥檚 housing shortage.

In a speech at a Royal Town Planning Institute conference in London today, Theresa May announced a major overhaul of the UK鈥檚 planning rules to give local authorities and developers 鈥渢he backing they need to get more homes built more quickly鈥.

The new rules will see the implementation of around 80 of the proposals set out in the 2017 Housing White Paper, including using land more efficiently, fast-tracking planning permissions into homes, giving greater certainty to local authorities and putting local plans in place to give communities more control.

The prime minister warned builders and developers that they had 鈥渢o step up and do their bit.鈥

May said she wanted to see planning permissions going to people who were going to build houses, 鈥渘ot just sit on land and watch its value rise鈥.

She added: 鈥淲here councils are allocating sufficient land for the homes people need, our new planning rulebook will stop developers building on large sites that aren鈥檛 allocated in the plan 鈥 something that鈥檚 not fair on residents who agree to a plan only to see it ignored.

鈥淚 expect developers to do their duty to Britain and build the homes our country needs鈥.

May also sought to reassure those living in rural areas - many of whom vote Conservative - that the government鈥檚 proposals would protect the Green Belt: 鈥淚鈥檇 rather see an ugly, disused power station demolished and replaced with attractive housing than a wood or open field concreted over 鈥 even if the former is in the Green Belt and the latter is not.鈥

A major overhaul to the National Planning Policy Framework, the first since 2012, will provide what the government called 鈥渁 comprehensive approach for planners, developers and councils鈥.

The will be consulted on over the next eight weeks 鈥 with a final version expected to be published in the summer.

And mindful of the recent outcry over Persimmon boss Jeff Fairburn鈥檚 bonus 鈥 which was cut from 拢100m to 拢95m last month 鈥 May also took a swipe at executives who reaped huge bonuses.

鈥淭he bonuses paid to the heads of some of our biggest developers are based not on the number of homes they build but on their profits or share price,鈥 she said.

Industry bosses called on the government to reform the Help To Buy system as part of the government鈥檚 plans.

Colin Lewis, chief executive of Avant Homes, said: 鈥淭he prime minister is today asking housebuilders to 鈥榙o their duty鈥. But volume housebuilders needed to change the way they operated.

鈥淐urrently, housebuilders鈥 sales are supported by the Help to Buy subsidy, irrespective of how many homes they build. The funds are not linked to increased volumes, nor to any quota of attainable properties.

鈥淟et鈥檚 link the availability of Help to Buy funds for housebuilders to an increase in the numbers of new homes they build. If a housebuilder does not increase output by a given percentage in one year, reduce the access it has to Help to Buy subsidies the following year.鈥

In January, the former head of the civil service and a past chief executive of the Homes and Communities Agency, Lord Kerslake, said the Help to Buy initiative needed reform while former construction minister Nick Raynsford, who stepped down as an MP in 2015 and is now chair of housing association Heylo, said it needed phasing out.

Last October, May announced a further 拢10bn towards Help to Buy, ensuring its continuation until 2021.