My Lords, it is a pleasure to stand here in the place of my noble friend Lady Stowell. I join the congratulations to her on her new role and apologise for the disappointment of noble Lords who were looking forward to debating these issues with her today. I will have to do for today’s purposes.
The public sector land programme aims to speed up the disposal of land and put disused land back into use for much needed homes. The current public sector land programme has identified land with capacity to deliver 100,000 new homes by March 2015. At the end of March 2014, it had released land capable of delivering more than 76,000 homes. As we move forward with the programme, we are aiming to reduce the bureaucracy involved in transferring land to the HCA and to speed up delivery of much needed homes and economic development.
The GLA has a pivotal role in delivering housing and economic growth in the capital, as my noble friend Lord Tope illustrated, and we are working with it to consider how its expertise can best be utilised in the disposal of surplus government land. In some cases, this may mean transferring sites from central government bodies to the GLA. Although the original clause, which is the one currently in the Bill, did not mention the Greater London Authority, we agree that there may be some benefit to exploring whether it should be included in the clause. There is an existing transfer process, but this might smooth the process of transferring sites from arm’s-length bodies to the GLA. There would need to be an agreement between the Government and the GLA that this is the best delivery mechanism for individual sites and the one that provides best value to the taxpayer.
One alternative, for example, would be to purchase land directly from the Government or their ALBs. All this needs further discussion and exploration with the various parties, and we need to work through whether there are stamp duty implications or other factors. Some resolution will be required before we can come to a definite decision on that process. We have been working closely with the GLA on the land disposal programme, as we will continue to do, so that we can work out how surplus public land can be better used to support housing and economic growth, alongside finding efficiency savings. We recognise what the noble Lord, Lord McKenzie, said—
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