First 45 housing projects for the Build to rent Fund announced...

Enable Independent, financial advisors in Bishop's Stortford noted that the Housing Minister, Mark Prisk has announced the first 45 housing projects to be built under the £1bn Build to rent fund, providing about 8,000 to 10,000 new homes in the private rental sector by 2015.

The government has already announced that 1/3 of the projects will be based in the boroughs of London, but the government at this point is unable to give any further details, and we are expected to see some more information released today.

The Build to Rent Fund originally received £200 million of funding, however it was soon realised that the fund wasn’t enough to stimulate growth in the construction industry, so the government have now increased it to £1bn.

Prisk stated: “We have seen overwhelming demand for the fund, and it’s become clear that there is a real appetite for rental investment. We want to support that, which is why we’ve made a £1bn budget boost to the fund.


“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.”

The Build to rent fund has been welcomed in London, with the Mayor, Boris Johnson stating: “With London’s population expanding at record pace, we need to build around a million new homes in the next 25 years to meet demand and avert a possible housing crisis. Increasing supply in the private rented sector has a massive part to play in this.”


The first to be approved are:
A2 Dominion Housing   
Blackswan Property    
Bouygues Development  
Bovis Homes   
Broomleigh Regeneration
Carillion-Igloo
Carpenter Investments 
CCURV LLP     
Chestnut Homes
Clearstorm    
Climate Energy Homes  
Countryside x 2
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
Plus Dane     
Quintain Estates      
Regeneration  
Relta 
South Yorkshire Housing Association   
Taylor Wimpey