Accreditation by Homes England as a 'lead investment partner' means that Severn Vale Housing can now submit grant applications to Homes England for all our development projects, and those also of Gloucestershire Rural Housing Association (GRHA).
Development manager Chris Knibbs (right) has been successful in making an application for Severn Vale to become a 'consortium partnership' alongside GRHA, and which names Severn Vale Housing as the 'lead investment partner'.
It means we can submit grant bids/applications on all new development projects, both for GRHA and Severn Vale Housing.
This consortium contract allows us to add other Registered Providers that we provide development agency services for - such as Wyedean Housing Association and Cirencester Housing - subject to meeting the qualification criteria of Homes England.
Homes England is stepping up efforts to increase the number of homes being built nationally, encouraging innovation and breaking down some of the obstacles that have stood in the way of development - by introducing new land buying powers, for example.
Development is being encouraged by the government which wants Homes England to ‘disrupt’ the house building industry and help deliver many more new homes, and quickly.
The initial Homes England 2016- 2021 Affordable Housing Programme announced £9 billion of affordable housing grant to maximise delivery of housing. The South West attracted an initial grant of 4.7bn of funding with £85 million allocated to deliver more than 5.500 homes.
A further 2,720 homes with £25.2m grant funding has been secured through ‘continuous market engagement’. This is for Registered Providers (such as Severn Vale) to submit bids for new development projects to Homes England so that they can maintain a pipeline of delivery of new housing throughout each financial year up to 2021.
Chris Knibbs said: “This is an excellent opportunity for Severn Vale to work with our partners to secure affordable housing grant and deliver new affordable homes. We have already been successful in securing £558,000 with our projects at York Road, Tewkesbury and Parklands in Churchdown, Gloucester.”