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The Builders Finance Fund

The Builders Finance Fund

Monday, 15 February 2016

The £525 million Builders Finance Fund is designed to help restart and speed up housing developments between 5 and 250 units that have slowed down or stalled.

Bidding is open on a continuous basis until the fund has been allocated. Bids will be assessed and prioritised against the criteria set out in the prospectus and where applicable will be allocated to the shortlist.

The total fund must be used by 31 March 2017.

Eligibility:

Schemes must be between 5 to 250 new homes.

Bidders for schemes between 5 – 14 units in size, the fund will be exclusive to SME’s only.

Bids must be submitted by a private sector bidder who must have control of the site.

A minimum investment of £200,000 is required. There is however no upper limit subject to fulfilling the bid criteria and value for money.

The site must have local authority support.

Schemes must have planning consent and be capable of starting on site within 9 months from the initial Expression of Interest submission.

For schemes in the SEMLEP area please contact Carol Cairns at the HCA on 01234 242517 or email Carol.Cairns@hca.gsi.gov.uk

For more information on the eligibility criteria please click here.

©2018 Be Central Bedfordshire

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