The National Housing Bank is a new government public finance institution designed to accelerate the delivery of new homes and communities, and to enable the regeneration of towns and cities across England. Backed by the UK government, the National Housing Bank will work with house builders, developers, investors and registered providers to deploy up to £16 billion of debt, equity and guarantees. The bank will also work with Mayors through Homes England’s new regional model to strengthen collaborative working with partners and leaders.
The bank is a subsidiary of Homes England. It will support the delivery of more than 500,000 homes and a raft of major regeneration and mixed-use schemes, and aims to unlock more than £53 billion of private investment over the next ten years.
In its new investment prospectus Homes England shared a single, authoritative statement of how it invests to deliver homes and regeneration. With the bank at its core, the prospectus brings together for the first time Homes England’s full range of capital products, land, powers and technical expertise in one public document – aiming to make it easier for local leaders and partner organisations to understand the role the Agency and the National Housing Bank can play in delivering their pipeline of housing and mixed-use schemes.
The launch was marked by the announcement of a £100m partnership with Aviva, whcih aims to build up to 3,300 homes for rent in ‘underinvested’ areas of cities, including an initial 300 in Liverpool and Manchester.
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