Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Barclays and ministry launch £1bn SME homes fund

Homes England and the Ministry of Housing have teamed up with Barclays to provide £1bn of development finance for new homes across England.

The partnership will make loans of £5m-£100m available for developers and housebuilders that are “able to demonstrate the necessary experience and track record to undertake and complete their proposed project”.

The Housing Delivery Fund forms part of the government’s efforts to help diversify the housing market.

At present, two-thirds of new homes are built by just 10 major housebuilders, according to the housing ministry.

The fund has been designed to support SME housebuilders to develop homes for rent and sale, including social housing, retirement living and private rented sector homes.

Barclays’ involvement comes after it doubled the limit for unsecured loans to construction industry firms from £50,000 to £100,000 in July.

Housing secretary James Brokenshire said: “This new fund – partnering Homes England with Barclays – is a further important step by giving smaller builders access to the finance they need to get housing developments off the ground.

“This is a fantastic opportunity to not only get more homes built but also promote new and innovative approaches to construction and design that exist across the housing market.” 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.