LONDON, July 9 -- The government of the United Kingdom issued the following news:
Plans for around 2,500 new homes and vital regeneration work across three places in England have been boosted by National Housing Bank agreements totalling £35 million.
The newly formed bank, a Homes England company, has agreed purpose-led loan deals to unlock housing and regeneration for communities in Salford, Bromley and Ludlow.
*
In Salford, a £14 million infrastructure loan to joint venture partners Scarborough Group and Metro Holdings,will fundsite preparation, enabling and designworks,catalysing thedelivery ofupto 1,900homeson brownfield landat Middlewood Locks.
*
In Bromley, a £10 million infrastructure loan to Tikehau Capital will support the redevelopment of Walnuts Shopping Centre, including the creation of 440 homes, a key regeneration project for Orpington town centre.
*
In Ludlow, an £11 million development finance loantotheSME housebuilder, Pickstock Homes,willsupport the third phase ofschemedevelopmentand the creation ofnearly 90homes.Homes England has previously supportedPickstock to build 140new family homes in phases one and two of thescheme.
Simon Century, Chief Executive Officer, National Housing Bank, said:
These dealsdemonstratethe breadth and diversity ofthe National Housing Bank'soffer and underline our appetite towork with investors, developers, homebuildersand places across thecountry.
The speed of our work, as underlined by these deals in particular, is evidence that we will takeeffective,purpose-drivendecisions quickly and proactively, acting as an enabler, not a barrier, to the market as we continue our work to deliver homes and regeneration across the country.
ENDS
About the National Housing Bank
The National Housing Bank, a Homes England company, is a government-backed public finance institution providing purpose-led finance to accelerate housing delivery and regeneration across England.
Over the next decade, it will invest up to £16 billion through debt, equity, and guarantee products, stepping in where the market cannot, and aims to attract more than £50bn of private capital to enable more homes, stronger places and thriving, sustainable communities.
The bank offers partners tailored and blended finance solutions alongside the full range of Homes England support. Its delegations and flexible approach means it can respond with agility to shifting market conditions, ensuring investment reaches the areas of greatest need.
Learn more:National Housing Bank - GOV.UK
About Homes England
Homes England, the government's housing and regeneration agency, exists to drive the creation of more affordable, quality homes and thriving places so that everyone has a place to live and grow.
It makes this happen by working in partnership with thousands of organisations of all sizes, using its powers, expertise, land, capital and influence to bring investment to communities and get more quality homes built.
Learn more: https://www.gov.uk/government/organisations/homes-england/about
Press Office Contact Details
Email: media@homesengland.gov.uk
Phone: 0207 874 8262
In this press release and for ease of understanding, numbers below 1000 are rounded to the nearest 10. Numbers above 1000 are rounded to the nearest 100.
Disclaimer: Curated by HT Syndication.
