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Government announces £3billion Home Building Fund 14/10/2016

Ahead of a promised Housing White Paper later this year, the government has announced a £3billion "Home Building Fund".


Secretary of State for Communities and Local Government, Sajid Javid, said that the promised Housing White Paper will contain"further significant measures helping towards the government's ambition of £1million new homes by 2020"


The government says that the launch of a £3 billion Home Building Fund ahead of the Housing White Paper will:


  • provide £1 billion of short-term loan funding - the government say this will be used for small builders, custom builders, and innovators, delivering 25,000 homes in the short term
  • provide £2 billion of long term funding for infrastructure - the government say this will be used to unlock a pipe line of up to 200,000 homes over the longer term - with the emphasis on developments on brownfield land.


The Home Building Fund will be managed by the Homes and Communities Agency (HCA) on behalf of the government.


The Fund is open to private sector businesses that build new homes or prepare sites for housing developments. This includes small builders, community builders, custom builders and regeneration specialists, as well as larger builders and developers.


Find out how the fund works and who can apply.

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