That is the pledge of housing minister Mark Prisk, who today unveiled the first
45 projects to be taken forward using £700m in Build to Rent funding.
Backers of the private rental building projects, a quarter of which are for London, can now go forward for final due diligence checks ahead of the cash being released to build up to 10,000 homes.
It marks the Government's first step towards its goal of creating a more balanced rental market and has seen a mix of house builders, social housing providers and contractors win project backing.
The Build to Rent Fund is designed to help developers invest in homes built for private rent by reducing the up-front risk in a relatively untested market.
Prisk said that demand for the fund, which was initially set at £200m, was so overwhelming that the cash on offer was raised to £1bn.
A second round of bids for the remaining £300m funding is expected to open later this year.
Projects going forward include:
Genesis Housing Association, with plans for new rental homes around London
Place First, along with Together Housing Group, who will be building across Northern England
Crest Nicholson, who intend to bring a significant number of homes to market over many sites across the country
Prisk said:“This government is determined to get Britain building, and the Build to Rent Fund is set to help us deliver, with up to 10,000 new homes to be built from these projects.
“Now, these new projects will help us map this almost uncharted market, bringing in new blood to improve rental quality and choice, and building the new homes that this country wants and needs.”
Winning bidders
• A2 Dominion Housing
• Blackswan Property
• Bouygues Development
• Bovis Homes
• Broomleigh Regeneration
• Carillion-Igloo
• Carpenter Investments
• CCURV LLP
• Chestnut Homes
• Clearstorm
• Climate Energy Homes
• Countryside (2 schemes)
• Crest Nicholson
• CS Capital Partners
• Derwentside Homes
• Evenbrook Capital
• Genesis Housing Association
• Geronimo
• Granger
• Greenwich Peninsula
• Housing Solutions
• Hurst Street
• Inland Homes
• Keepmoat
• Kier Project Investment
• YH Residential
• Lendlease
• Lovell Partnerships
• LPC Living
• Mill Group
• Mount Anvil
• Muse Developments
• Network Housing Group
• Notting Hill Housing
• Orbit Homes 2020
• Persimmon Homes
• PlaceFirst(2 schemes)
• Plus Dane
• Quintain Estates
• Regeneration
• Relta
• South Yorkshire Housing Association
• Taylor Wimpey
