We live in interesting times,' according to the head of regeneration at Morgan Sindall Investments, according to the head of regeneration at Morgan Sindall Investments, Andrew Savege.

The context of austerity means local and central government must work in a new era of thrift. Under the Localism Act 2011, local authorities have powers to charge and trade for commercial gain. And with a rising need for more homes, councils will need to build more than ever to keep up with the massive demand.