VIVID secures Homes England strategic partnership bid and grant funding

VIVID secures Homes England strategic partnership bid and grant funding

VIVID has been reaffirmed as one of 31 Homes England Strategic Partners receiving its full bid grant allocation of £105.6m to build 1,550 new affordable homes.  

Under the Affordable Homes Programme 2021-26, Homes England is committing almost £5.2bn in affordable housing grant to 31 strategic partnerships with 35 organisations. Together, they will deliver nearly 90,000 grant-funded affordable homes that are much needed across the country.

Peter Denton, Chief Executive Officer at Homes England, said:  “These strategic partnerships give our new partners the funding, flexibility, and confidence they need to build much needed affordable homes across the country, it also establishes a large network of organisations looking to share their skills and capabilities to expand the affordable housing sector and transform communities.

“By forming strategic partnerships with a wide range of public and private organisations, we are creating the conditions needed for institutional investment to catalyse affordable housing supply and in future give local authorities more of the tools they need to plan and act strategically, shaping their communities and building new homes.”

Mark Perry (pictured above), Chief Executive at VIVID, commented: “We’re determined to give as many people as possible the chance to have a good quality home, that suits their needs and circumstances, and that they can afford. So, we’re delighted Homes England has reaffirmed us as one of its Strategic Partners, demonstrating confidence in our development programme to deliver more affordable housing in the south of England.

“Last year we were one of the largest developers through Homes England Strategic Partnership with a grant allocation of £186m. This enabled us to increase our supply of social rented and shared ownership homes and exceed target dates on our affordable home delivery plan. We’ll continue to use our grant funding to more provide social rent and shared ownership homes in areas where they’re needed the most.”

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