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Private Rented Sector House of Commons Communities and Local Government Committee Private Rented Sector Written Evidence received up to 01/03/13 Volume I Only those submissions written specifically for the Committee and accepted by the Committee as evidence for the Private Rented Sector inquiry are included. List of written evidence Page Lorraine Barter (PRS 009) ................................................................................................................... 43 Simon Beasley (PRS 006) ..................................................................................................................... 29 Iain Beaton (PRS 031) ....................................................................................................................... 116 Blackburn with Darwen Borough Council on behalf of Pennine Lancashire Local Authorities (PRS 046) .............................................................................................................. 195 Bradford District Tenants and Residents Federation (PRS 024) ..................................................... 99 Calderdale Metropolitan Borough Council (PRS 039) .................................................................... 151 Oliver Cornes (PRS 029) .................................................................................................................... 113 Jonathan Davis (PRS 025) ................................................................................................................. 102 Department for Communities and Local Government (PRS 000) ..................................................... 4 The Dispute Service Ltd (PRS 038) ................................................................................................... 146 East Midlands Property Owners Ltd (PRS 040) ............................................................................... 154 East Midlands Property Owners (PRS 40a) ...................................................................................... 159 Sir Henry Elwes KCVO, Colesbourne Estate (PRS 020) .................................................................... 85 David Evans (PRS 011) ........................................................................................................................ 52 Mrs Judy Evans (PRS 014) ................................................................................................................... 61 Evolve Property Training (PRS 021)................................................................................................... 88 Finders Keepers (PRS 012) .................................................................................................................. 53 Barrie George (PRS 049) ................................................................................................................... 215 Luke Gidney, Director of Let-Leeds and Let-York Letting Agencies (PRS 017) .............................. 68 Tom Glancz (PRS 048) ...................................................................................................................... 210 Steve Gracey (PRS 004) ........................................................................................................................ 25 Graham Heather (PRS 033) ............................................................................................................... 119 Home Counties Property (PRS 032) ................................................................................................. 117 Greg Jones FARLA, FNAEA (PRS 015) .............................................................................................. 63 Kirklees Private Landlords Association (PRS 008) ............................................................................ 33 Kirklees Private Landlords Association (PRS 008a) ......................................................................... 41 KIS Lettings Group (PRS 041) .......................................................................................................... 160 Roy Kitchen (PRS 028) ...................................................................................................................... 111 2 Duncan Layne (PRS 022) ..................................................................................................................... 92 Leeds City Council (PRS 045) ........................................................................................................... 188 Lucking Estates Ltd (PRS 013) ............................................................................................................ 58 Brian Lund (PRS 019) .......................................................................................................................... 77 Stewart Morris (PRS 010) .................................................................................................................... 46 Allan Murray (PRS 044) .................................................................................................................... 182 National HMO Lobby (PRS 042) ...................................................................................................... 166 National Private Tenants Organisation (PRS 037) .......................................................................... 135 NetRent (PRS 034) ............................................................................................................................. 120 Nicholas Nicol (PRS 016) .................................................................................................................... 67 Residential Landlords Association (PRS 047) .................................................................................. 202 Melissa Robertson (PRS 005) .............................................................................................................. 26 Tessa Shepperson (PRS 035) ............................................................................................................. 126 Simon Shinerock (PRS 001) ................................................................................................................ 14 Wayland Smith (PRS 002) ................................................................................................................... 17 James Spencer (PRS 023) ..................................................................................................................... 94 Stonewall Housing (PRS 043) ........................................................................................................... 178 Sue Thompson (PRS 018) .................................................................................................................... 72 Sue Thompson (PRS 018a) .................................................................................................................. 74 Catherine Walls (PRS 030) ................................................................................................................ 115 Mark Walton (PRS 036) .................................................................................................................... 134 Julie Warren (PRS 003) ....................................................................................................................... 22 E J Wilamowski (PRS 050) ................................................................................................................ 216 Sarah Wild (PRS 027) ........................................................................................................................ 110 Keith Williams (PRS 026) .................................................................................................................. 103 Wrekin Landlords Association (PRS 007) .......................................................................................... 30 3 Written evidence submitted by the Department for Communities and Local Government (PRS 000) Introduction Demand for rented housing is growing. The private rented sector has responded to this demand and now houses 3.7 million households in England (equivalent to 17 per cent of the overall housing stock), compared to 2 million in the early 1980s. 1.5 million homes were added in just eight years between 2003 and 2010 – a 55 per cent increase. Much of this growth has been driven by individual landlords with small portfolios, and the lack of large scale investment has constrained further market expansion. Furthermore, growth in the rented sectors has not contributed significantly to the supply of new housing. Government recognises the importance of the private rented sector and is keen to encourage further growth through the supply of new high quality large scale development for private rent. Encouraging supply will not only provide homes for additional families in the sector but also, by promoting competition, improve standards and affordability compared to the levels that would otherwise prevail if supply were static. This Government has made a number of changes designed to encourage supply and make it easier for institutional investors to become involved in the sector. We have made changes to stamp duty levied on bulk purchases, and revised the regime for Real Estate Investment Trusts to widen access and reduce the cost of compliance. We have also taken up key recommendations of Sir Adrian Montague’s report on the barriers to institutional investment, announcing: • A new £200 million fund providing equity finance to house builders and developers. It will support the building of large demonstration
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