Barclays has joined forces with the Government agency Homes England to launch a £1bn housing development fund. The fund will offer loans ranging from £5m to £100m to developers and house builders who are able to demonstrate the necessary experience and track record to undertake and complete their proposed project. Funding is open to new clients as well as existing Barclays clients, and will put greater emphasis on diversifying the housing market, as at present, almost two-thirds of homes are built by just 10 companies. Barclays is providing £875m of the £1bn total and Homes England, the Government’s national housing agency, will contribute £125m to the fund. The housing secretary James Brokenshire said the fund 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’. The chairman of Homes England, Sir Ed Lister, … (To read the full article, subscribe below)

Jamie Hailstone

Senior reporter – NewStart