![]() Homes England, Muse and Legal & General recommit to The English Cities Fund The £200m joint venture will continue to deliver transformational regeneration schemes, including 6,600 new homes and 2m sq. ![]() The partnership will also enable local SME developers to deliver the schemes, meeting one of the Agency’s key objectives. Homes England’s investment into this new development vehicle is a commitment to encouraging institutional investment into affordable housing, helping to increase the supply of good quality homes in areas of high unaffordability. The model, which includes the creation of a new development vehicle and the establishment of a for-profit housing provider called Halesworth, offers an innovative new way of bringing more responsible capital into the housing sector and delivering new affordable homes that might not otherwise have been possible. Attracting institutional capital to support SME housebuilding Homes England and Newstead Capital have joined forces to support SME housebuilders by launching an innovative long-term development finance fund.Īn innovative long term partnership model developed by Homes England, leading housing association Hyde and investment manager AXA IM Alts has been established, with an aim to deliver thousands of new affordable homes of all tenures across the southeast. Homes England will provide loan financing to help tackle high up-front infrastructure costs, which includes investment for a new pedestrian and cycle bridge across Royal Victoria Dock, the restoration of the iconic Millennium Mills and the repair of the dock walls, which have previously been a barrier to development of the scheme. The major regeneration project will include improvements to the infrastructure around the site and will support The Silvertown Partnership (TSP) to build 6,000 new homes and support the creation of next-generation business workspace, new space for cultural and community events and a vibrant new town centre for the Royal Docks. The Silvertown site in Newham has been derelict for the last 40 years and is one of the largest brownfield sites in London’s historic docklands
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