£100 million boost for small builders

The new Housing Growth Partnership seeks to invest alongside the following:

  • small and medium sized house builders who have evidence of a solid track record in delivering residential development schemes
  • house builders who on average have 10-100 single unit completions annually over the past 3 years, and have a proven track record in land buying, design, construction, marketing and sales of new homes
  • the government’s investment supplements the initial £50 million announced by Lloyds Banking Group in October 2014

The Housing Growth Partnership will support residential development projects with a gross development value of between £0.75 million and £12 million and will offer investments in the range of £0.5 million – £5 million for each project.

Read more at https://www.gov.uk/government/news/100-million-boost-for-small-housebuilders