The £300 million Housing Growth Partnership Fund will help housebuilders in the UK
The Housing Growth Partnership Fund has a new £300 million commitment to SME and regional housebuilders in the UK. Its aim is to partner with the most ambitious SME housebuilders to support with growth.
The Housing Growth Partnership Fund was established by Lloyds Banking Group and Homes England. The partnership aims to bridge the homebuilder funding gap. This will allow more housebuilders to build more homes across the UK, thus growing their business.
The new Housing Growth Partnership Fund is the second round. Since its launch in 2016, it has invested in 46 housebuilders to support the delivery of over 4,500 new homes. The fund will help develop an additional 10,000 new homes.
What’s available?
The new fund will be broader in scope to enable investment in larger housebuilding projects. They can have a development value of up to £75 million. Individual housebuilders are eligible for up to £10 million per investment.
Developers building between 5 and 500 units per year and are eligible for support from the Housing Growth Partnership Fund.
Housing Minister RT Hon Christopher Pincher MP said:
“It is a top priority of this Government to increase housing supply so hard-working people can be helped into home ownership.
“A thriving SME sector is crucial to our house building targets and ambitions. This significant amount of funding will help smaller and regional housebuilders by providing them with the financial support necessary to deliver much needed new homes.”
Harry Swales, Chief Investment Officer at Homes England, said:
“The Housing Growth Partnership has already proved to be a huge public-private sector success and we’re now pleased to expand the fund to offer SMEs further support. By injecting this additional investment and harnessing Lloyds Banking Group’s commercial skills we’re able to diversify the market, support increasing numbers of builders and provide the homes the country needs.”
Regional Growth Initiative
The Housing Growth Partnership Fund will partner with SMEs to support their growth and development through its Regional Growth Initiative. This scheme will see the partnership committing to a higher level of dedicated equity to support housebuilders.
How to apply
You can learn more at the Social Impact Investor in SME housebuilder – Housing Growth Partnership website.
If you are interested in this opportunity, you should email info@housinggrowth.com
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