Launch of £175m Lending Facility to Build Green Homes Across England
England’s small and medium housebuilders can apply for loans, coupled with industry expertise, to help them construct new energy efficient houses.
The Greener Homes Alliance has been created to provide loan finance and expert support to SME housebuilders, enabling them to build more high quality, energy efficient homes across England.
The Alliance will support the construction of up to 750 new homes whilst also equipping SME housebuilders with knowledge and expertise around low carbon construction, allowing them to build to higher environmental standards, now and in the future.
The Alliance will commit a total of £175 million, providing loans of between £1 million and £20 million to finance new SME development projects.
Before starting their developments, SMEs will also benefit from free of charge, expert advice from sustainability consultants McBains and Octopus Energy. McBains will provide design guidance and practical steps to achieve an improved Energy Performance Certificate (EPC).
Small and medium housebuilders and developers in England may apply.
Peter Denton, Chief Executive at Homes England said:
‘This new partnership, the latest in a series of impactful lending alliances, will give smaller housebuilders both the funding and the knowledge needed to build more sustainable homes.
‘The Greener Homes Alliance brings developers and lenders closer together, providing affordable finance, improving knowledge sharing and creating new paths to net zero.’
Interest may be expressed at any time.
(This report was the subject of a GRANTfinder Newsflash.)