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Strategic partners can add extra housing associations to deals

Housing associations which have secured spots on Homes England’s strategic partnership programme will be allowed to add associations to their partnerships.

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Homes England confirmed to Inside Housing that the 15 strategic partners could bring other not-for-profit housing associations into the partnerships and allow them to access grant from the initial funding allocation.

It said partnerships could also secure increases to their initial allocations to build extra homes, subject to resources being available and partners delivering their existing commitments.

However, strategic partners will be prevented from accessing grant through Homes England’s ongoing continuous market engagement grant scheme.


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Earlier this month, chancellor Philip Hammond announced £653m of grant would be used to support seven partnerships with housing providers to start 13,475 new affordable homes by 2022.

It was the second allocation after eight partners were handed £590m in July to deliver 14,280 additional affordable homes by 2022.

Bidding for the next round of strategic partnerships opened in September, with Homes England currently in discussions with potential partners.

Inside Housing understands that the next cohort of partners could be named before Christmas.

Some existing strategic partnerships have confirmed that they are currently looking to add other housing associations to their strategic partnerships.

Alan Yates from Matrix Partnership, a partnership between five West Midlands housing associations, said it was in discussions with other organisations over joining forces.

Matrix Partnership, which secured £77m in July, has vowed to increase its affordable housing starts by 250% before March 2022.

Mr Yates said: “There is the opportunity for others to join our partnership. Obviously Homes England have to agree, but we are open to others approaching us to join the partnership.

“The primary objective is to meet the targets set by Homes England but if we could increase that programme, I’m sure it would be welcomed by them.”

A guide to strategic partnerships and the deals announced so far

A guide to strategic partnerships and the deals announced so far

Under strategic partnerships, housing associations agree to increase their development programmes by a specified number of homes in return for extra funding for the government.

Unlike some other government funding programmes, they can use the new funding flexibly across their development programme, determining the tenure of affordable homes closer to completion following negotiations with Homes England.

The following housing associations were confirmed as strategic partners on 30 January 2019:

Housing associationGrantNo of additional starts to March 2022
Bromford£66.4m1,400
Curo and Swan£51.1m1,067
Liverpool Mutual Homes and Torus£66.4m1,757
Longhurst and Nottingham Community Housing Association£71.7m1,685
Together Housing Group£53m1,152
WHG£38.7m1,000
Yorkshire Housing£61.8m1,300
Your Housing Group£87.5m2,315

 

Homes England announced the following partnerships in October 2018:

Housing associationGrantNo of additional starts to 31 March 2022
Guinness/Stonewater£224m4,500
Optivo£44.9m1,000
Orbit£128.8m2,762
Platform Housing Group£71.8m1,800
Southern Housing Group£55.1m1,005
Thirteen£40m1,000
Vivid£88.2m1,408

Table published by Homes England on 31 October 2018

 

Homes England also earlier this year confirmed the following partnerships:

Housing associationGrantNo of additional affordable starts to 31 March 2022
EMH Group£30.5m748
Great Places£29.2m750
Home Group£85m2,300
Hyde£95.4m1,623
L&Q£85m1,724
Matrix Partnership£77m2,257
Places for People£74m2,603
Sovereign/Liverty£111.5m2,275

Table published by Homes England on 3 July 2018

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