£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.