Government Announces First £9.58bn of Affordable Homes Funding
The Government has confirmed the first major funding allocations from its ten-year, £39bn Social and Affordable Homes Programme.
73,600 New Homes
A total of £9.58bn has been awarded to 33 strategic partners, supporting the delivery of 73,600 new social and affordable homes across England, outside London.
The successful organisations include housing associations, local authorities and other housing providers, with individual awards ranging from £96.4m to £350m. Abri, Clarion, Orbit, Places for People, Sanctuary and Vistry are among the eleven partners receiving the maximum £350m allocation.
Nearly two-thirds of the homes delivered through these partnerships are expected to be for Social Rent, reflecting the Government’s focus on providing more secure and genuinely affordable housing.
Greater Support for Council Housebuilding
The announcement also signals an increased role for councils. Cambridge City Council, Eastleigh Borough Council and Newcastle City Council have been appointed as strategic partners, while a further £46m will be invested over three years to strengthen councils’ housebuilding skills and delivery capacity.
The full list of allocations is below:
The Focus Now Turns to Delivery
For the housebuilding and affordable housing sectors, this funding provides greater long-term certainty and a clearer development pipeline.
Turning the investment into completed homes will require continued collaboration between housing associations, councils, developers, contractors and consultants. It is also likely to create greater demand for experienced professionals across land, planning, development, technical, commercial and construction functions.
The announcement is a significant commitment to increasing affordable housing supply. The focus now shifts to delivery and ensuring this investment results in much-needed homes and sustainable communities across the country.
