Housing Growth Partnership has been shortlisted for a 2019 RESI Award, as “Residential Financier of the Year”.

The prestigious awards are organised by Property Week to celebrate success within the residential property market. Bringing together key players from across the industry, the RESI Awards return for the 8th edition on 15 May 2019 to celebrate the very best within the sector.

We would like to congratulate finalists across all categories, including HGP partner Backhouse Housing for their nomination as “Newcomer of the Year” in addition to our fellow nominees Homes England and Lloyds Bank Real Estate & Housing within the “Residential Financier of the Year” category.

Well done and good luck to all shortlisted nominees, we look forward to meeting you on the night!

The HGP Team.

Housing Growth Partnership Shortlisted at the RESI Awards 2018

HGP has been shortlisted at The RESI Awards 2018 for “Residential Financier of the Year”. The prestigious awards, organised by Property Week, celebrates success within the residential property market industry. Bringing together some of the biggest names in the industry, previous winners include Knight Frank, Strutt & Parker and Ballymore Group

The RESI Awards, organised by Property Week, recognise the best residential property market organisations and their successes of the past year, with the ceremony being held on 16th May 2018 at Grosvenor House in London.

Other shortlisted companies in the “Residential Financier of the Year” category include; CapitalRise, Homes England, ICG-Longbow, Ingenious Real Estate, Investec Bank, LaSalle Investment Management, LendInvest, NatWest, OakNorth, Octopus Property and Zorin Finance. HGP wishes all of the companies luck and looks forward to meeting you on the night!

UK Government announces extended support for the Housing Growth Partnership

Following two successful years since launch, the Housing Growth Partnership (HGP) has now committed to build c2,000 homes on more than 35 schemes across the UK. In addition to supporting the delivery of new homes, HGP has provided over 1,500 hours of free mentoring to partners through its panel of senior advisors.

The announcement of the next phase of funding for HGP provides certainty and continuity to our existing partners and the opportunity for HGP to support more housebuilders nationwide now and into the future. In confirming the ongoing investment, Homes England and Lloyds Banking Group expect to have supported the delivery of c£1bn of new homes by the summer of 2019.

If you are an experienced small/mid-sized housebuilder or developer looking to grow your business please get in touch with the team at info@housinggrowth.com.

Andy Hulme, Chief Executive Officer and Head of Fund, Housing Growth Partnership:

“Today’s announcement of further funding marks another significant milestone in the evolution of the Housing Growth Partnership. This supports our core purpose of accelerating the delivery of homes across the UK through our partnerships with small and mid-sized housebuilders.”

The Autumn budget: what’s at stake for the housing market?

All eyes are now on the upcoming Autumn Budget and housing is expected to be a hot political topic, but what’s at stake for the housing market? We have compiled together a wish list of housing policies which could potentially help combat the challenges the housing market faces.

What do you want to see included in the Autumn Budget?

  • Creating affordable homes, by allowing councils the freedom to borrow to build
  • Creating affordable homes for the young and making retirement housing more available
  • Simplifying the planning system: overcome challenges to achieve detailed planning consent for the land identified, which could be slowing down housebuilding
  • Creating a fiscal system that supports Build to Rent
  • Release more land for housing
  • Resolving the major construction skills shortage
  • More attention to Social Housing
  • Helping first time buyers, who are priced out of the market by the rising price, Despite Government-led initiatives like Help to Buy, first-time buyers are finding that they’re having to find vast deposits to be in with a chance of getting on the housing ladder
  • Support a new generation of high quality homes for social rent
  • Potential cuts to Stamp Duty, rendering significant savings for first-time buyers
  • Will the Help To Buy scheme be continued after 2020? The spring budget touched on Right to Buy and new measures for shared ownership
  • Ensuring people who need extra support have a safe home that meets their needs
  • Settle the question over what happens to social landlords’ rents after 2020
  • Align transport infrastructure and housing delivery more effectively
  • Offer ready permitted sites to SME builders
  • Local authorities to introduce new council tax bands for the most expensive properties

What are the politicians saying?
Theresa May vows to build new homes and has signalled a drive to build thousands of new houses, even calling it her personal mission to take charge of a massive effort to “build more homes, more quickly” (as quoted by, express.co.uk 2017).

Theresa May:
“The number of new homes being delivered each year has been increasing since 2010, but there is more we can do.

“We must get back into the business of building the good quality new homes for people who need them most.

“That is why I have made it my mission to build the homes the country needs and take personal charge of the Government’s response.

“Today I am seeing the work now underway to put this right and, in coming weeks and months, my Government will be going further to ensure that we build more homes, more quickly.

Sajid Javid:
Suggestions have been made by Community Secretary Sajid Javid on bold plans up to an extra £50bn to invest directly in new housing. He has called to take housing associations’ debt off the balance sheet, in the hope of ensuring housing associations have a stable investment environment to build more homes.

Martin Tett, The Local Government Association:
Martin Tett, the Local Government Association’s housing spokesman, said: “We are still significantly short of the 300,000 homes we need to be building each year. The last time we hit that number, in the 1970s, councils built more than 40% of them. Councils are serious about delivering the right kind of homes, supported by infrastructure, for our residents, and are playing their part – approving nine out of 10 planning permissions.”

The pressure is now on for the government to perform and help create a housing market that works for everyone, will they follow through with their proposed reforms in the Autumn Budget this Wednesday? All will soon to be revealed, Housing Growth Partnership will keep you up to date.

HGP makes first South East investment

Housing Growth Partnership has made its debut investment in London and the South East – supporting Durkan’s plans to build new homes in Dartford.

HGP investment manager, James Hutchinson said: “This partnership is the first we have secured in London and the South East and marks a significant milestone for our fund.”

Danny Durkan, Executive Chairman at Durkan, which is a family-owned firm focused on London and the Home Counties, said: “Smaller developers have the necessary flexibility and agility to take up opportunities and sites that don’t appeal to mainstream developers, and this will be key to delivery. We have been working closely with HGP to secure this agreement and are confident in a successful joint venture. It is hoped that, now there is a structure in place between Durkan and HGP, further deals may be formed in this way.”

Others that have benefited from Housing Growth Partnership also include Campbell Buchanan, a Cambridgeshire-based housebuilder, which secured £1.7m last year to help fund the development of 40 homes in Brington. Devonshire Homes in the South West also secured £2m for various projects.

For more information on how Housing Growth Partnership can help you, visit our investment structure page.

Housing Growth Partnership, finalists at this year’s National Housing Awards

Housing Growth Partnership has been shortlisted as a finalist at the National Housing Awards 2017 in the ‘Best Supplier to the Sector’ category.  The well-respected awards return for an 11th year to celebrate excellence within the industry.

The ‘Best supplier to the Sector’ category recognises organisations that stand out for their exceptional service and instrumental assistance for affordable housing developments to achieve their goals as well as having a positive impact to the intermediate housing sector as a whole.

HGP has made a significant impact in its first year of trading; helping small housebuilders across the country deliver over 1,200 family homes across 24 schemes. We also accelerated over £20m of profit for our partners, which can be redeployed in funding more affordable homes.

HGP has been shortlisted alongside some big and reputable names within the housebuilding industry; Red Loft, Civitas Social Housing, EMW Law LLP, Forty Asset Management and Integrator Housing Solutions.

We would like to congratulate all other finalists for their nominations. The event will be held on 7th September at the Lancaster Hotel in London.  Wish us luck!

HGP supports Fresh Developments in the build of 16 modern apartments in Lilliput, Poole

Housing Growth Partnership is backing Poole based developer Fresh Developments in the build of 16 contemporary styled apartments in Lilliput, Poole. The flats are due to be completed in the summer of 2018 and feature not only stunning views of the Poole harbour waterfront but also easy access to local amenities close by.

Fresh Developments pride themselves on a track record of producing high specification homes to a high standard, with attention to detail across all of their developments.

Myles Bridges, Director of Fresh Developments, praised HGP: “Housing Growth Partnership took time to understand the opportunity and were able to adopt a flexible approach which was very valuable to us given we had to revisit the planning for the scheme under a very tight timeline to secure a developable planning consent. I found the team straight forward and easy to work with throughout the process.”

We are proud to be supporting Fresh Developments throughout the process. For more information on how we can help you, visit our investment structure page.

New Devonshire Homes development will bring 77 new homes to Landkey

North Devon District Council has approved planning permission for Devonshire Homes to build 77 residential schemes in Landkey, North-Devon. The scheme will offer 77 homes consisting of two, three , four and five bedroom homes including an affordable homes contribution. The name of the development will be Mazzard View.

Housing Growth Partnership is backing the scheme, and will be the second collaboration between both organisations.

Daniel Stephenson, Chairman at Devonshire Homes says ‘“It’s an exciting year for Devonshire Homes as we strengthen our relationship with HGP. The development at Mazzard View follows the success of our partnership in Cullompton at Rivel’s Green. HGP’s support has been important in helping Devonshire Homes grow and develop in the region. We look forward to delivering high quality homes that are stylish, practical and sympathetic to their locality.

“We are delighted to have assisted Devonshire Homes on the acquisition and development of Mazzard View; through extending our relationship to support a second project we are enabling this well regarded Devon housebuilder to grow” said Andy Hulme, Chief Executive Officer of HGP. “Given Devonshire Homes’ approach to aligning their new homes proposition to best serve the local North Devon communities, where they operate, we anticipate Mazzard View will be another high quality project which will be attractive to families who want to live in the local Landkey community.”

The construction of the 77 homes will start this spring in the peaceful village of Landkey, which is just three miles from Barnstaple offering excellent connection rail and road networks.

 

Housing Growth Partnership Shortlisted at the RESI Awards

Housing Growth Partnership (HGP) has been shortlisted at RESI Awards 2017 as ‘Newcomer of the Year’. The prestigious awards, organised by Property Week, celebrate success within the residential property market industry.

In our first year of trading we have made a considerable impact, successfully funding the build of over 1,000 family homes on over 20 schemes throughout the UK. Through our investment we have helped accelerate over £20m of small housebuilder profits which can be redeployed into more schemes to increase the UK housing supply. Our senior advisor panel has delivered over 1,000 hours of free mentoring to our small housebuilder partners to help support the sustainable growth of their businesses.

Described as the key celebratory and networking event for the sector, previous winners include Knight Frank, Strutt & Parker and Ballymore Group, placing HGP alongside some of the biggest names in the industry.

The Resi Awards ceremony will be on the 10th of May 2017 at Grosvenor House in London.  Other shortlisted companies in the Newcomer category include: PLATFORM_, Conductor, The Land Trust, Oakmont Homes and Tipi, by Quintain. HGP wishes all of the companies luck and looks forward to meeting you on the night!

 

Fixing our broken housing market and what it means for SME housebuilders