Government forms PropTech expert council
Written by Peter Walker
The government gathered PropTech firms in London this week to unveil a new expert advisory council dedicated to the digital transformation of the property sector.
Housing minister Esther McVey explained that the group will advise ministers on how to support and grow the sector further, which will make it easier and cheaper to plan, build and buy new homes.
Faisal Butt, founder and chief executive of Pi Labs, a venture capital firm supporting others to innovate in the PropTech sector, will be the first expert to sit on the minister’s new council.
McVey said: “The new PropTech dragons will provide expert advice to government on how to make the property market work better for everyone, whether it be helping homebuyers find their dream home or helping developers find the sites they need to build.”
The announcement follows her industry roundtable last month where she met with PropTech firms bringing about a digital revolution in the property sector.
McVey talked about how the government is opening up government information by creating a national index of brownfield sites with the Geospatial Commission, to help the growth of the digital economy.