The government recently update their “Home Building Fund” guidelines. This is a scheme, whereby the government can loan you from 250,000 pounds up to 250 million pounds, to cover costs related to the development, or the infrastructure of building homes, or in the preparation of the land to build houses on.

Administered by “Homes England,” there are 2 types of loans, ‘developmental’ and ‘infrastructure’. The developmental ones are to help meet costs of building homes which will be for sale or rent, and are taken out, and paid back within 5 years. The infrastructural loans are to assist the site for future development and be for a term of 20 years. Property assets are needed to secure the loans, and it is necessary to have all the planning consents in place before applying.

Building England state
We want to encourage innovation, both in the kind of homes that are built and the way they are delivered.
Projects you might need funding for could include:

  • community-led housing projects
  • serviced plots for custom and self-builders
  • off-site manufacturing
  • new entrants to the market
  • groups of small firms working together to deliver larger sites

Those eligible to apply are:
If you are a private sector organisation, you may be eligible if:

  • you are planning on building more than five homes
  • you have already purchased a site in England that you have majority control of
  • your project may stall or progress much less quickly without this loan
  • you are a UK registered corporate entity

You also need to have a clear route to getting planning consent, when we make the loan offer.
We cannot fund projects where there are leasehold new houses.

 Homes England state they will prioritise the funding:
As a government backed initiative, the Home Building Fund also reflects wider government priorities. We are looking for, and will approve applications based on:

  • the best value for money for the taxpayer
  • the greatest potential for early delivery
  • clear local support
  • projects that support policy priorities, such as strengthening the Small and Medium-Sized Enterprises (SME) developer market, brownfield development, and diversification and innovation in the housing market.