The Government’s Get Britain Building fund has been extended with an extra £100 million being made available for a second round of bids.
Get Britain Building offers financial support to housing sites with planning permission for 15 units, or more, where development has stalled.
The funding is offered as either a direct investment in the development in the form of a loan, or by the administers of the fund, the Homes and Communities Agency, taking an equity stake in the development. Funding sought should be no more than 50% of total project costs
To access this funding opportunity developers must submit an Expression of Interest to the Homes and Communities Agency (HCA) by noon on the 25th of July 2012.
The HCA will assess bids for value for money, deliverability, speed of re-starting development and risk.
Do you have a stalled housing site? Would the Get Britain Building Fund allow you to re-start development on this site? Do you need advice and support from an experienced team to help you access this funding?
If the answer to these questions is yes call 01282 872 570 to kick-start development on your site.
To access the Get Britain Building Prospectus visit the Homes and Communities web site.