To achieve Croydon’s goal of 1,000 high quality new homes across the borough by 2019, the council has like several other forward thinking boroughs set up its own development company, Brick by Brick.
Brick by Brick is a private, independent company, with the council acting as sole shareholder. It aims to deliver high quality, new, residential-led development on a range of sites across the borough. As well as being able to make sure the borough fully benefits from land value uplift and development returns, Brick by Brick will be able to deliver directly and act quickly to new opportunities in the market place.
The aim of Brick by Brick is to ensure people in Croydon have access to high quality and affordable housing. It also means that the full value of development growth is kept in the borough – whether it be in the form of additional affordable housing, physical improvements in the local centres or dividend return to the council to fund council services.