McVey unleashes proptech dragons council
Housing minister Esther McVey has unveiled plans for an expert advisory council of proptech dragons to drive digital transformation in property.
The expert council will be led by entrepreneur Faisal Butt, chief executive at venture capital firm Pi Labs.
It will advise ministers on how to grow the sector, with a goal to make it easier and cheaper to plan, build, and buy new homes.
Housing minister Esther McVey has unveiled plans for an expert advisory council of proptech dragons to drive digital transformation in property.
The expert council will be led by entrepreneur Faisal Butt, chief executive at venture capital firm Pi Labs.
It will advise ministers on how to grow the sector, with a goal to make it easier and cheaper to plan, build, and buy new homes.
McVey said: “We’re taking every advantage that new technology has to offer across the entire house building and house buying journey. Whether that’s finding a plot of land, getting planning permission, engaging the local community, getting the property built, or selling or buying a house.
“The people behind proptech are using technology to make the process faster, simpler and cheaper. This new industry is digitally transforming the whole of the property sector, putting much more information at the public’s fingertips.”
Butt said: “The government and the private proptech sector working together will help propel proptech start-ups to a meaningful international scale, and we think this initiative is exactly the type of fuel the UK proptech ecosystem needs to achieve its full potential.”
The announcement follows the housing minister’s roundtable last month, hosted by Pi Labs. The government has also promised to release local authority housing data to UK proptech companies in a call of arms for the sector to boost housebuilding.
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