Schemes to benefit are in south-west London and Southampton
Housing minister Kit Malthouse is set to confirm that Homes England and Barclays Bank have agreed 拢155m of loans to speed up the construction of hundreds of homes in south-west London and Southampton.
The deals are the first to be agreed from the 拢1bn Housing Delivery Fund, which was announced by housing secretary James Brokenshire and former Barclays chairman John McFarlane in September last year.
Malthouse said: 鈥淚nnovations are key to unlocking the next generation of homes and our Housing Delivery Fund 鈥� a 拢1bn partnership between government and Barclays 鈥� is a great example of the new approaches we鈥檙e taking to get more homes out the starting blocks.鈥�
In Wimbledon, a total of 拢150m will be loaned to Merton Catalyst LLP, a joint venture between housing association Catalyst and developer Galliard.
The funding will be used to help press on with 604 apartments on the residential-led scheme at the former Wimbledon Greyhound stadium site in Plough Lane (pictured). The mixed-use development will also include commercial space, improved public realm and a new stadium for League One side AFC Wimbledon.
In Southampton, Cannon Capital Developments will receive a 拢5.3m loan to convert a former commercial building into 56 apartments for private sale on the city鈥檚 Ogle Road.
The Housing Delivery Fund was set up between the government and Barclays Corporate Banking to provide 拢1bn of loan finance to help SME developers to deliver new homes across the country.
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