Homes England announces further £500m of strategic partnership deals
A third wave of strategic partners has been revealed for Homes England, supported by almost £500m of grant funding.
Picture: Getty
Sharelines
Homes England will form partnerships with seven more housing associations with some forming consortia, including Curo and Swan, recently merged Liverpool Mutual Homes and Torus, Longhurst and Nottingham Community Housing Association.
Together Housing, Bromford, Walsall Housing Group, Yorkshire Housing and Your Housing Group are all taking individual allocations.
The associations will receive £497m and have committed to delivering 11,000 new affordable homes, including properties for social rent.
Homes England has agreed a £9m funding deal with Apex Airspace Developments, which specialises in offsite construction that sees units fitted to the tops of existing buildings.
The strategic partnership approach is a new way to distribute grant funding, introduced initially by the Greater London Authority before Homes England followed suit in July 2018.
Read more
Homes England now has about 25 associations signed up.
The aim is to give associations greater flexibility and to boost delivery “by ensuring money can be allocated where it is needed across multiple projects rather than on a case-by-case basis”.
The government said the funding will help it reach its target of building 300,000 properties a year by the mid-2020s.
Communities secretary James Brokenshire announced the latest partners at the London First Building Summit this week.
He said: “By providing targeted investment in affordable homes, and funding innovative projects to build rooftop properties, we are making our housing market work for everyone.”
Sir Edward Lister, chair of Homes England, said: “Our new ways of working with the sector mean that housing associations can use their funding flexibly across their development programmes and respond quickly to local housing demand and a changing market.”
Your Housing Group is taking £87.5m with an average grant of £37,700 per property built. This enables 2,315 affordable homes to be built and of those 1,679 will be completed by March 2022 and the remainder by March 2024.
Brian Cronin, chief executive of Your Housing Group, said: “This funding will enable a paradigm shift in our delivery of new homes across the North West. In Greater Manchester the grant will support 450 much-needed new homes in the boroughs of Wigan and Bolton and we are also looking to build a significant number of affordable homes in Liverpool and Cheshire.”
Bromford will receive an additional £66m to deliver 1,400 affordable homes across its Midlands and South West operating area – which will be split between social rent, affordable rent and shared ownership tenures.
Curo and Swan have taken a grant allocation of £51.1m to build 1,067 new affordable homes by March 2024 for a mix of homes available for social rent, affordable rent and shared ownership.
RELATED
News05 Mar 2025
Two Essex landlords in talks to merge by end of year
News04 Mar 2025
North Yorkshire landlord raises £75m under guarantee scheme
- © Social Housing
- All rights reserved