40,000 new homes to be built on railway land across Britain
Disused railway land to be transformed into new homes
- The government has launched Platform4, a new property company, tasked with overseeing the development of up to 40,000 new homes.
- These homes will be built over the next decade on brownfield sites located on surplus railway land across England and Wales.
- Platform4 aims to streamline the process of releasing land for housing, addressing previous inefficiencies from a fragmented approach.
- Profits generated by the new company will be reinvested directly into Britain’s railway network, projected to deliver an additional £227 million.
- Initial locations earmarked for regeneration include Newcastle Forth Yards, Manchester Mayfield, Cambridge, and Nottingham.