That is a very fair point, but the Government are, of course, looking at it, and we await further details. None the less, it is a perfectly valid point. I was simply arguing that, ultimately, the best thing that can happen to those tenants in that position is for them to have choice—to have more supply. Here we have a sector with build to rent that can bring significant extra supply. When we talk about supply, the key thing is additionality, which is a terribly technical word. In other words, it really is additional stock that has come about as a result of an intervention in the planning or funding system, and that additional stock would not have happened without that intervention. It is an incredibly important point.
I also want to talk about regeneration. If we look at the NPPF, we will see that there is encouragement for that type of tenure, for build to rent, where there is large-scale urban regeneration. Something that concerns me about the current housing dialogue, particularly in some Labour-controlled London boroughs, is that, let us be honest, regeneration has become something of a dirty work. It is seen as enforced gentrification by some. Actually, there is a point in that. There have been urban regeneration schemes in some areas, particularly in London, where, arguably, some of the people who lived in the development before the regeneration lost out compared with what happened afterwards. It is difficult, because, in theory, the great thing with regeneration is that greater density brings more supply and improvement to the current stock for those who already live in the development. It is about regenerating and improving an area. That is something that has been supported by parties from across the divide, but we need to see much more of it and more joined-up support from Government for it. We can build on greenfield, on brownfield or on existing stock through regeneration. There is nothing else available unless we reclaim the sea through polderisation, and I do not think that that is about to happen any time soon.
If we do not have significant urban regeneration, we see disproportionate pressure on the countryside, and easy planning decisions of just building more and more on greenfield sites. Brownfield sites come under pressure
when we need economic development—when we need land for industry and so on. Regeneration is the key, and that combination of large-scale build-to-rent developments in densely populated urban areas is one part—only one part—of delivering that increased supply so that there is less pressure on rents and, as wages increase, we can reduce the number of people becoming statutorily homeless at the end of an assured shorthold tenancy. There is no easy single answer, but those factors can form a joined-up, holistic, one-nation Conservative housing policy.