Website Cookie Policy

We use cookies to give you the best possible online experience. If you continue, we’ll assume you are happy for your web browser to receive all cookies from our website.
See our cookie policy for more information.

Practice Areas

More Information

Leeds: 0113 244 6100

Sheffield: 0114 267 5588


Send us an enquiry

Home Building Fund

18 May 2021

The UK Government has recently announced an update to its Home Building Fund which could be of great use to community led housing projects in England.

The UK's Home Building Fund is administered by Homes England and provides flexible funding opportunities for people or organisations involved in building homes for sale or rent, or preparing land for such homes.  It is designed to encourage innovation in the types of homes and the methods for bringing them to market.

The promising aspect of the updated guidance from the UK government is that community-led housing projects are listed specifically as an example of the type of building project which can make use of the Home Building Fund.

Loans are to be available between £250,000 and £250,000,000 with interest at a transparent, and pre-agreed, variable rate.  Smaller loan amounts may be considered on a case-by-case basis for innovative housing solutions and serviced plots for custom buildings.

Homes England will consider being the subordinated lender if you wish to seek other third part financing.

The loans are intended to cover development or infrastructure costs as follows:

Development loans

  • Can be drawn down up to 31 March 2023.
  • For a term of 5 years.
  • Intended to fund the development costs of building homes for sale or rent.

 Infrastructure loans

  • Can be drawn down up to 31 March 2025.
  • For a term of 20 years.
  • Intended to fund the costs of preparing sites with the relevant infrastructure to allow development to begin.  The projects must ultimately lead to the development of new housing.

Before a loan offer will be made it is expected that the borrowing party will already have a controlling interest in the land and a clear route to achieving planning permission for the projects.  This is therefore not a fund designed to assist parties in acquiring land for development.
  It should be noted that the fund is only available for projects in England.  The Wrigleys community -led housing team are excited about the opportunities this fund presents for new community projects across the UK. 

Further details about the Home Building Fund can be found here and here.

If you would like to discuss any aspect of this article further, please contact Mike Ford or Elizabeth Wilson or any other member of the Community-led Housing team on 0113 244 6100.

You can also keep up to date by following Wrigleys charities team on Twitter here

The information in this article is necessarily of a general nature. Specific advice should be sought for specific situations. If you have any queries or need any legal advice please feel free to contact Wrigleys Solicitors

Elizabeth Wilson View Biography

Elizabeth Wilson


Mike Ford View Biography

Mike Ford


17 Sep 2021

Employee who refused to visit manager’s property during lockdown was automatically unfairly dismissed on health and safety grounds

Tribunal decision offers useful insight into how employers may have been exposed to claims during the pandemic.

10 Sep 2021

Community Housing Fund: the countdown is on to apply!

The deadline is fast approaching to apply for the next stage of the Community Housing Fund.

08 Sep 2021

Court of Protection Guideline Hourly Rates – The Sequel

We take a look at the increase in hourly rates which deputyship firms can charge from 1st October 2021.