FIGURES recently released by Shelter show that more than 73% of people under 40 cannot buy a house in West Devon and Torridge, even if they wanted to.

Liberal Democrat parliamentary spokesman Adam Symons, who highlighted the figures, said: 'These are pretty shocking figures, and just show the problems that young people face getting on the housing ladder in the local area. Very low wages, combined with excessively high prices are making it impossible for most young people.'

He said a concerted effort was needed to invest in employment opportunities for young people, as well as ensuring a steady flow of affordable housing. 'With nearly 40% of people under 40 not able to rent either, young people have little option but to either move away, or live with parents.

'I am working with organisations such as North Devon plus and Petroc to bring employment opportunities into the area, but I know that this is a long-term project. Action is needed now from the Government to inject capital into affordable housing schemes to make sure that our young people are not driven out of the area.'

Kay Boycott, director of policy and campaigns at Shelter said: 'Shelter's new report shows that affordable housing has a key role to play in maintaining a strong local economy and ensuring its future growth. However, more than one in three people under the age of 40 can't afford to rent or buy a home here.

'This will make it harder for local businesses to recruit, start-up, and expand – potentially putting opportunities for growth in the local economy at risk.'