Will Labour’s New Towns become hubs of property investment?

Will Labour’s New Towns become hubs of property investment?


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The locations of seven new towns have been named for consideration by the government.

Each proposed location is expected to deliver at least 10,000 homes, with several delivering 40,000 or more in the decades to come. 

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The proposed locations are: 

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  • Manchester Victoria North, Greater Manchester — at least 15,000 homes regenerating the heart of Greater Manchester, with a new Metrolink stop connecting residents to jobs across the city;

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  • Thamesmead, Greenwich — up to 15,000 homes unlocking inaccessible riverside land in London, enabled by the planned Docklands Light Railway extension;

  • Brabazon and the West Innovation Arc, South Gloucestershire — up to 40,000 homes at the heart of a world-class research and advanced engineering economy;

  • Milton Keynes, Buckinghamshire — building on its history as one of the original new towns, to take forward the ‘renewed town’ vision to expand the city by around 40,000 homes and reinvigorate the centre with a new local transport system, boosting connectivity in the Oxford-Cambridge Growth Corridor.

  • Tempsford, Bedfordshire — up to 40,000 homes built around a new East West Rail station, linking residents to Cambridge, Oxford, London and Milton Keynes;

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  • Crews Hill and Chase Park, Enfield — up to 21,000 homes helping to meet London’s acute housing need;

  • Leeds South Bank, West Yorkshire — up to 20,000 homes capitalising on the city’s economic momentum and the government’s £2.1 billion local transport investment;

Alongside the new towns consultation, the government has also confirmed that the National Housing Bank will launch on April 1.

It will be backed with up to £16 billion of financial capacity and will aim to deliver over 500,000 new homes.  

Housing Secretary Steve Reed says: “People want real change – homes they can afford, local infrastructure that works, and good jobs in thriving communities. 

“Our next generation of new towns marks a turning point in how we build for the future. 

“From the ground up, we’re planning whole communities with homes, jobs, transport links, and green spaces designed together — so we can give families the security and opportunities they deserve.”

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