Housing Growth Partnership supports the sale of 1000 new homes
Posted
In March 2020, Housing Growth Partnership (HGP) announced we had supported house builders to deliver and sell 1,000 new homes across the UK. HGP has provided over £120m of vital support to 45 house building partners on 70 housing developments since its inception in 2015. To date, small and medium sized house builders have committed to build 3,500 new homes with our support. Of these, 1,000 have now been sold.
Vic Hepburn, CEO and Head of HGP, commented: “It is great to pass a milestone like this as we continue our support for the UK’s house builders. We are very fortunate to be able to partner with fantastic businesses that care passionately about the homes and communities they are delivering. 1,000 families have now taken ownership of new homes thanks to our partnerships, something that everyone involved with HGP is rightly proud of.”
Gordon More, Chief Investment Officer of Homes England, added: “It’s incredibly encouraging to see Housing Growth Partnership hit this important milestone. Supporting SMEs house builders to expand their businesses is an important part of our mission and vital if we are to create a more robust and resilient housing market. A lack of competition in the house building sector stifles the entrepreneurial ambition we need to increase the pace and quality of what we build, and this is precisely what HGP is seeking to address.”
Andy Hulme, Managing Director, Head of Real Estate and Housing, Lloyds Bank Commercial Banking, said: “Today’s announcement demonstrates the commitment to helping small to medium sized house builders across the UK. The contribution from the sector remains fundamental to a healthy UK housing market, and this milestone of 1,000 homes sold which equates to £1bn of much needed housing, demonstrates the ongoing positive impact of the Housing Growth Partnership.”
