The housing scheme will use a £ 2bn fund to accelerate the purchase of 15,000 homes by 2020 . Financed by government borrowing , the scheme will purchase newly - built homes that developers are unable to sell on the market , but only applies to developments on public land . It is hoped that the guaranteed sale of homes will enable property developers to construct houses more rapidly . However , critics of the scheme have suggested that labour shortages may hinder the project .
The UK government will use a £2bn fund to accelerate the construction of 15,000 homes by 2020. Financed by government borrowing, the initiative will purchase newly-built homes that developers are unable to sell on the market, but only applies to developments on public land. It is hoped that the guaranteed sale of homes will incentivize property developers to construct houses more rapidly. However, critics of the scheme have suggested that labour shortages may hinder the project.