For-profits among 35 groups handed £5.2bn as Homes England strategic partners

The new AHP, covering 2021 to 2026, has been the first time that for-profits have been able to bid for funding as part of Homes England’s strategic partnerships programme.

Housing associations Abri, Hyde, Places for People, Platform and a partnership of Guinness and Stonewater have been allocated the highest grant of £250m.

The nearly £5.2bn of funding is expected to deliver around 90,000 affordable homes, according to Homes England.

Peter Denton, Homes England’s new chief executive, who joined last month after leaving Hyde, said: “By forming strategic partnerships with a wide range of public and private organisations, we are creating the conditions needed for institutional investment to catalyse affordable housing supply and in future give local authorities more of the tools they need to plan and act strategically, shaping their communities and building new homes.”

The funding is part of the total £8.6bn announced by the Ministry of Housing, Communities and Local Government yesterday. The remainder of the funds are being administered by the Greater London Authority (GLA), which announced its list of winning bidders yesterday.