HGP Commits to Support the Delivery of 5,000 New Homes Across the UK
Housing Growth Partnership recently announced that is has now committed to support the delivery of over 5,000 new homes across the UK. This takes HGP past the halfway point of its ambition to support the delivery of 10,000 new homes across the UK by 2025.
Since HGP’s launch in 2016 the fund has invested over £170m alongside 48 housebuilders on 95 developments with a combined GDV £1.5bn. Half of these units are already completed and sold to families across the UK.
In 2021 alone, HGP invested £45m alongside 14 different housebuilders on 20 developments to support the delivery of 1,400 new homes across the UK.
In 2022, HGP will continue to support the housing market by providing housebuilders with equity funding to deliver high quality and affordable homes. HGP recently announced a further £300m commitment which will enable larger residential developments and offer support across all tenures in the living sector. The new fund will also look to prioritise projects with a greater sustainability focus, as well as those using modern methods of construction to help the sector tackle its sustainability challenges.
Vic Hepburn – CEO and Head of Fund – ‘Sitting behind the numbers is the fact that we are supporting regional housebuilders who really care about the quality of homes they are producing and the communities they create. That’s as pleasing as the numbers and the team will continue to seek out further opportunities to support on the journey to 10,000 homes.’