A range of funding opportunities exist for EDG and SEHG partners from the Government and other sources to support housing growth and related services. Bids are either made on an individual basis or in partnership depending the requirements set out in the bidding prospectus.
EDG and SEHG partners will support bids to Government wherever possible to ensure they are robust and have the best chance of success. Bidding teams lead by key partners are often used to maximise the opportunities.
A special Budget 2018 funding update can be found here
Homes England’s Five Year Strategic Plan & objectives for the period 2018/19 to 2022/23 can be found here. These include: unlocking land / investment, increasing productivity, driving market resilience, supporting local areas and delivering home ownership products.
Some of the key Government funding opportunities supporting housing growth are listed below:
The government is making available £163 million across England up to 2020 to 2021 through the Community Housing Fund.
This prospectus invites applications for up to £4.7 billion of funding via Continuous Market Engagement (CME) to increase the supply of new shared ownership and affordable homes.
Prospectus originally invited local authorities in areas of high affordability pressure to bid for additional borrowing to build new council housing.
The Care and Support Specialised Housing Fund (CASSH) aims to support and accelerate the development of specialist affordable housing which meets the needs of older people and adults with disabilities or mental health problems, accessible via Continuous Market Engagement (CME).
This prospectus sets out the Government could support local areas who want to create new garden communities of at least 1,500 homes, with priority given to those of over 10,000 homes.
Submission for proposals closed 9 November 2018.
For developers, the £1.3 billion Land Assembly Fund was set up to bring forward and de-risk land for development.
For public land owners or local authorities the £630 million Small Sites Fund was there to speed up getting the right infrastructure in place to support home building on stalled small sites to provide the homes their communities need.
The Housing Infrastructure Fund is a government capital grant programme of up to £5.5 billion, which will help to deliver up to 650,000 new homes in England.
The fund is divided in 2 parts:
The fund is now closed, further information including successful projects in Essex can be found here:
Government partnership with Barclays Bank to provide £1bn of loan finance for small and medium housebuilders.
The Planning Delivery Fund prospectus invited local authorities and third sector organisations to submit bids for an initial £11 million of resource funding to support
new homes and infrastructure and stimulate (with third sector organisations if necessary) innovation in the way planning services are delivered.
The bid for expressions of interest closed 11 January 2018.
First wave of 8 SPs with Homes England – aim to deliver 14,280 affordable homes by 2022. £2bn for 2022–2029.
Seven more strategic partnerships were confirmed in October 2018, which will deliver an additional 13,475 affordable homes by March 2022.
Bringing the total number of additional affordable homes that will be delivered to 27,755.
Government has set out plans to fund 83 areas with the highest numbers of people at risk over the next 2 years.
Includes Basildon, Southend and Harlow.
Local authorities were invited to bid for £7.5 million funding to break their dependence on inflexible technology, adopt the best digital ways of working, and offer excellent local services for less. The fund will enable this by training around 1000 local government staff in digital skills. It will also seed fund a toolkit of reusable tools and products that help service teams redesign their services to Declaration standards.
Expressions of interest closed 24 September, full applications closed 15 November 2018.