At least one of the 15 bidders included on the shortlist, unveiled last Thursday, has made this offer and others are prepared to spend “hundreds of thousands of pounds to secure planning permission”, according to one source.
The hope is that the lavish sums, which will be spent on architects’ fees, sustainability consultancy and legal work, will secure a place in the programme once the 15 is cut to 10 later this year.
The minimum amount of houses to be built for each scheme is 5,000 and the 15 shortlisted bidders were selected from 57 entries. The three largest bids have come from O&H Properties in Bedfordshire (22,000 homes across two sites), Rossington Ecotown Partnership in Yorkshire (15,000 homes) and Pennbury in Leicestershire (12,000-15,000 homes).
The government has set up a panel of experts to advise shortlisted developers on their bids during a three-month consultation process that began last week.