Insurance group Legal & General has revealed it wants to build up to five new towns across Britain over the next 10 years at a cost of up to £5bn, according to its chief executive.
L&G’s Nigel Wilson told the Sunday Times that building new towns and regenerating inner cities was the best way of addressing Britain’s housing crisis, and would also meet L&G’s aim of investing more of its pension fund in infrastructure.
‘If we can bring communities with us and agree planning, we’d like to help build several new towns across the country. We’re already developing towns within cities, in partnership with enlightened local authorities and boroughs,’ he told the Sunday Times.
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