Posted on December 22, 2011
Category: News

In support of the Government’s Housing Strategy to “Get Britain Building”, the Humber LEP is encouraging developers in the region with “stalled” sites to submit their expressions of interest to the Get Britain Building Investment Fund.

The £420m Fund, administered by the Homes and Communities Agency, offers support to firms – including smaller and medium sized builders – that are currently not able to access development finance.

The Fund’s priority is to service viable, good value for money schemes of at least 25 units that already have planning permission in place, as well as schemes that will deliver units early. It will be available, but not limited to, small and medium-sized developers, via loans and equity investments. The Government will seek to recover its investments which will cover no more than 50 per cent of a project’s total costs.

The strategy supports not only the delivery of up to 16,000 new homes by December 2014 but also the creation of local jobs. The Get Britain Building Investment Fund complements the recently-announced £6.8million allocated to Humber LEP through the Growing Places Fund, which the LEP will use to support infrastructure that will help to unlock developments.

Following discussions at last week’s LEP Board meeting, the LEP will publish details of how to apply early in the New Year. The Get Britain Building Investment Fund is open for expressions of interest now and the deadline is 30 January.

Full details can be found on the Homes and Communities Agency (HCA) website at http://www.homesandcommunities.co.uk/get-britain-building or by contacting the Yorkshire and Humber regional HCA representative by email at Neyh.gbb@hca.gsx.gov.uk

For information about the Growing Places Fund for the Humber, please send your email address to info@humberlep.org if you wish to be informed of developments.

The Humber LEP can also be contacted on 01482 611 890.