Housing minister Grant Shapps has announced government plans to release public land worth £10bn to address the housing shortage. The land will be used to build 100,000 new homes over the next four years and is expected to provide 25,000 jobs. Under the plans, all government departments will release land to builders, with councils encouraged to do the same. Some of the land will be provided to developers on a "build now, pay later" deal. The CBI welcomed the proposal. "We're facing a housing crisis, and this will go some way towards making more land available for new homes. While the announcement is a step in the right direction, the government should also work with local councils to loosen their grip on local authority-owned land. Beyond this, we need the tovernment to speed up the planning system," said director general Dr Neil Bentley.