House builders urged to bid for £4.7bn affordable home grants

Aaron Morby 6 years ago
Share

The Government has started the bidding for funding from its revamped affordable homes programme, open for the first time to house builders and contractors.

Up to £4.7bn is up for grabs to fund building a mix of over 150,000 mainly shared ownership homes up to 2021.

The government wants to see greater involvement by the commercial housing sector in delivery, in particular of shared ownership.

It has also urged bidders to increase the number of homes built using offsite construction or innovative methods of construction.

Schemes that contribute to the overall regeneration of an area, or speed-up build out of substantial urban extensions or regeneration are being encouraged.

Communities and Local Government secretary Greg Clarke said: “We’ve reformed the rules to make these homes available to the widest possible range of buyers – and to make the capital grants open to the widest possible range of developers and housing providers.

“We also aim to encourage innovation – both in partnerships for local housing delivery and in the use of advanced construction technologies. As with all our housing policies, our ambition is to deliver quality as well as quantity.”

The profile of capital funding available for the programme will be uneven, with 90% spread across the last three years – 2018 to 2021.

Shared Ownership and Affordable Homes Programme

2016 to 2021 targeted starts

  • 135,000 homes for Help to Buy: Shared Ownership;
  • 10,000 homes for Rent to Buy; and
  • 8,000 homes for supported and older people’s rental accommodation.

Under the new programme rules funding will not be available to fund section 106 affordable home requirements with homes on mixed sites being over and above these planning requirements.

To open up the sector the Government has lifted restrictions on the type of organisation which can hold an interest in shared ownership properties in the long term.

It is also promoting the agreed transfer model that makes it administratively easy to bid for grant for firms that do not want to hold the investment for the long-term

Extra support is being made available for firms unaccustomed to bidding for grant and indicative bids will now be accepted where full scheme details have yet to be worked up by the bidder.

Final bids need to be submitted by 2 September for grant allocations by mid December.

Click for bid prospectus.

Latest news

Construction leaders launch inflation busting taskforce

All sides of industry urged to work together rather than row over price hikes
5 hours ago

Track worker killed by train was controller of site safety

Distracted rail worker "lost awareness of his position relative to the line the train approached on"
3 hours ago

MechFS went down owing £9.5m to supply chain

Subcontractors left holding millions in worthless invoices
10 hours ago

HG Construction profit jumps 50% to £25m

Multi-storey homes and student accommodation jobs drive sales to record £243m
10 hours ago

Go-ahead for Newcastle’s largest build to rent project

Work to start on 14-storey flats complex in the autumn
9 hours ago

Contractors wanted for £288m Northumbrian Water frameworks

Ten lots up for grabs under latest major civils deal
10 hours ago

Plans in for 142-room Exeter net zero hotel

RED Construction to build first of hotel developer's planned chain of net zero hotels
9 hours ago

Rail workers vote to strike over maintenance job cuts fears

Network could grind to a halt next month
9 hours ago

Race for £100m Immingham ferry terminal job

AB Ports aims to start work in mid 2023
1 day ago

Sisk wins Stockport £60m Weir Mill restoration

Work to start next month on 250 flats scheme
1 day ago

Developer swoops for 1,000-flats landmark Leeds site

Revised plans to be submitted by the end of the year for start soon after
2 days ago

Dominvs seals £173m funding for 713-bed student job

HG Construction to start major Hammersmith student complex in November
2 days ago

Briefings start for £1bn Midland Mainline Electrification plan

Market engagement starts for next seven sections covering 139km route to Sheffield
1 day ago

Forterra pushes back £27m factory refurb plan

Supply chain shortages hit project as brick prices rose another 12% last month
1 day ago

Speedy Hire results slowed down by KPMG

Hire giant left "frustrated and disappointed" by delay request from auditor
1 day ago

London office starts set to surge over next 6 months

Deloitte Crane Survey predicts jump in starts in Capital despite high building costs
2 days ago

Fit-out firm BW Workplace slips into the red

£5.2m backdated R&D tax credit deal lifts after tax performance
2 days ago

Hinkley Point delayed another year as costs rise by £3bn

Covid blamed for construction delays and cost increases
5 days ago

Competition probe launched into Bouygues’ Equans takeover

Bouygues is hoping to finalise acquisition later this year
2 days ago

TfL seeks developers for trio of over-station sites

Plum sites at Bank, Paddington and Southwark come with consent for 600,000 sq ft
2 days ago

Underwater drone used to check offshore wind farm foundations

Underwater robots deployed for inspection and maintenance work
2 days ago

DfE to unveil plans for school procurement shake-up

Supply chain summit to be held next month in Birmingham on future of schools frameworks
5 days ago

Plan for £100m clifftop hotel and flats in Newquay

Developer Salboy's landmark scheme to go in for planning shortly
5 days ago

Top 30 M&E contractors set for growth – ranking

Major M&E firms prepare for work surge after riding out pandemic
5 days ago

Former Mace boss joins Taylor Wimpey board

Mark Castle takes on another non-exec role
5 days ago

ISG starts £28m duo of Yorkshire leisure centre jobs

Harrogate and Knaresborough leisure centre jobs get underway
5 days ago

HS2 workforce surges to 25,000 jobs milestone

Over 2,500 firms form the HS2 supply chain
5 days ago

Green light for 1.4m sq ft Yorkshire logistic hub

Work at the site, located 24 miles from Leeds city centre, is expected in September.
5 days ago

Contractors lift tender margins to 9% on bids in the Capital

Developer Landsec to press ahead with trio of London office schemes this year despite cost inflation
6 days ago

Fire safety work plunges Countryside to £182m loss

Countryside Partnerships forms dedicated division to handle retrofits on a 123 buildings
6 days ago

Contractor services