Recommendation 45

In its written evidence to us, the Home Builders Federation (HBF), which represents the home building industry, told us of its concerns about the possible impact of the Building Safety Levy on new housing delivery. MHCLG currently expects to raise £3.4 billion over 10 years from the new levy. The HBF noted that, in the absence of detailed levy rates, which it did not expect to be published until later in 2025, it anticipated that there would be an impact on the supply of new homes, especially affordable housing and especially in the south–east of England. The HBF also told us that it was concerned that many smaller developers will go out of business as a result of the financial burden being placed on the home building industry.78