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Full details of latest strategic partner funding deals revealed
Your Housing Group was the biggest recipient of grant in the latest wave of strategic partnerships, securing nearly £90m in grant, Homes England has revealed.
The 28,000-home housing association will now be handed £87.5m by the government’s housing delivery agency to start 2,315 homes by March 2022.
On Wednesday housing secretary James Brokenshire announced the government would be handing out £500m to eight association partners as part of Homes England’s third wave of strategic partnerships.
It brings spending through the strategic partnerships up to £1.7bn, with 23 strategic partners expected to start 40,000 affordable homes by March 2022 (see table below)
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A partnership between Longhurst and Nottingham Community Housing Association was the second highest recipient, being given £71.7m to deliver 1,685 homes by March 2022. Yorkshire Housing secured £61.8m to build 1,300 homes. (See full table below)
Bromford and Torus were both separately handed £64.4m to deliver 1,400 and 1,757 homes by the cut-off date.
Under the strategic partnerships, housing associations are expected to provide at least 1,000 new homes by March 2022, increase housing starts by at least 25% and include some social rent.
Associations will also be able to spend some grant through smaller housing associations not originally part of the strategic partnership agreements.
Sir Edward Lister, chair of Homes England, said: “I welcome the new strategic partners who share our ambition to build better homes faster.
“Our new ways of working with the sector means that housing associations can use their funding flexibly across their development programmes and respond quickly to local housing demand and a changing market.”
Update 15:51 01/02/2019
This article was corrected. The initial article said that Yorkshire Housing Group was the third highest recipient of grant, it is in fact the fifth highest recipient.
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 association | Grant | No of additional starts to March 2022 |
|---|---|---|
| Bromford | £66.4m | 1,400 |
| Curo and Swan | £51.1m | 1,067 |
| Liverpool Mutual Homes and Torus | £66.4m | 1,757 |
| Longhurst and Nottingham Community Housing Association | £71.7m | 1,685 |
| Together Housing Group | £53m | 1,152 |
| WHG | £38.7m | 1,000 |
| Yorkshire Housing | £61.8m | 1,300 |
| Your Housing Group | £87.5m | 2,315 |
Homes England announced the following partnerships in October 2018:
| Housing association | Grant | No of additional starts to 31 March 2022 |
|---|---|---|
| Guinness/Stonewater | £224m | 4,500 |
| Optivo | £44.9m | 1,000 |
| Orbit | £128.8m | 2,762 |
| Platform Housing Group | £71.8m | 1,800 |
| Southern Housing Group | £55.1m | 1,005 |
| Thirteen | £40m | 1,000 |
| Vivid | £88.2m | 1,408 |
Table published by Homes England on 31 October 2018
Homes England also earlier this year confirmed the following partnerships:
| Housing association | Grant | No of additional affordable starts to 31 March 2022 |
|---|---|---|
| EMH Group | £30.5m | 748 |
| Great Places | £29.2m | 750 |
| Home Group | £85m | 2,300 |
| Hyde | £95.4m | 1,623 |
| L&Q | £85m | 1,724 |
| Matrix Partnership | £77m | 2,257 |
| Places for People | £74m | 2,603 |
| Sovereign/Liverty | £111.5m | 2,275 |
Table published by Homes England on 3 July 2018
