The Government’s housing agency Homes England has announced that the Group will be a strategic partner to deliver over 4,400 new homes across the country.
Under the Affordable Homes Programme 2021-26, Homes England will allocate £5.2bn in affordable housing grant to 31 strategic partnerships. £250m has been granted to the Group – one of the largest allocations in the scheme which will help the us to create homes for a range of affordable tenures including affordable rent, social rent, shared ownership and extra care.
The funding will allow the Group to progress with its own development pipeline as well as draw on opportunities from a wide range of large-scale developments and partnerships with Countryside, Ilke Homes and National Grid. Places for People Chief Executive David Cowans said: “We are delighted to extend our work with Homes England, working together to deliver more much-needed, affordable homes.
“Strategic partnerships are imperative in this ambition and show how the public and private sectors can successfully collaborate to deliver high quality homes which give more people a route to home ownership.”
Places in which everyone can live
The news comes following a longstanding relationship between Places for People and Homes England; the Group has worked with Homes England and its predecessor organisations to deliver affordable housing for over five decades, most recently through the Affordable Homes Programmes and the 2018-22 Strategic Partnership programme. The latter is already delivering 2,603 homes for affordable rent, social rent and shared ownership through £74m of funding and includes innovative developments such as the 77 modular – entirely affordable – homes at Alaska Street in Blackburn, and large-scale neighbourhoods like Brooklands in Milton Keynes – where funding allowed for the delivery of an additional 92 affordable homes.
David continued: “The value of joining forces is demonstrated by the success of the strategic partnerships launched by Homes England in 2018. These have played a pivotal role in the delivery of affordable housing, enabling us to further increase the provision of affordable homes across mixed-tenure neighbourhoods, as well as delivering entirely affordable developments such as Alaska Street.
“It’s a testament to how well such collaborations work and how we can swiftly increase the creation of places in which everyone can live.”
This strategic partnership funding is part of the broader £8.6bn affordable homes funding announced by the Ministry of Housing, Communities and Local Government.