The main objective of the fund is to address the difficulties in accessing development finance faced by some housebuilders, particularly smaller developers, and to help bring forward stalled yet viable sites.
Access to the fund is on a recoverable capital investment basis, for private sector developers only.
Eligibility:
- Schemes must be delivering between 15-250 new homes
- Bids must be submitted by a private sector bidder who must have control of the site
- The site must have local authority support
- Schemes must have planning consent and be capable of implementing by March 2015
Bidding for the Builders Finance Fund is open on a continuous basis until the end of March 2015, or until the fund has been allocated.
For more information on the Builders Finance Fund and the application process, click here.
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