Sub-Regional Strategic Housing Market Assessment
Strategic Housing Market Assessments (SHMA) are a requirement under national planning policy, and are a key part of the evidence required to ensure the delivery of the right amount of new homes that meet the needs of our communities, now and in years to come.
In August 2014, Peterborough City Council, Rutland County Council, South Holland District Council and South Kesteven District Council published a full refreshed Strategic Housing Market Assessment for the Peterborough sub-region, which encompasses the geographical area of all four local authorities.
The SHMA only assesses our housing needs; it does not take account of any constraints in being able to meet this need. It also looks at the affordability of new homes in the district and makes recommendations about the amount of new homes which may be required to meet specialist housing needs.
In October 2015 an update to the Peterborough Sub-Regional Strategic Housing Market Assessment (SHMA) 2014 was published and the four partner authorities are now pleased to confirm the publication of a further update in March 2017.
The purpose of the SHMA 2017 Update is to take account of the latest Population and Household Projections and ensure an up to date evidence base for the Local Plan. This approach accords with National Planning Policy Guidance.
Part of the Cambridgeshire and Peterborough Devolution Deal is a proposal for a new Peterborough University with degree-awarding powers. Although the University proposal is still at an early stage, an assessment of the potential impact of the University on housing numbers has been undertaken to sit alongside this SHMA update. Any additional needs arising as a result of the University will need to be considered separately to the main conclusions of the SHMA update (for example through the Local plan process).
The March 2017 SHMA Update should be read alongside the 2014 SHMA.
As we prepare a refreshed Local Plan, we will take account of other factors such as sustainability, site availability, infrastructure capacity and environmental designations in formulating our housing target.