The Builders Finance Fund is designed to help restart and speed up smaller housing developments that have slowed down or stalled.
The £525 million Builders Finance Fund is designed to help restart and speed up housing developments between 5 and 250 units that have slowed down or stalled. Its main objective is to address difficulties in accessing development finance faced by some housebuilders, particularly smaller developers, and to help bring forward stalled but viable sites.
Funding is being made available on the basis that it is recoverable. There is a minimum investment of £200,000.
Bidding for Builders Finance Fund is open
Expressions of interest to bid for the Builders Finance Fund has reopened. Bidding is open on a continuous basis until the fund has been allocated. Bids will be assessed and prioritised against the criteria set out in the prospectus and where applicable will be allocated to the shortlist.
From Spring 2016 the HCA will be launching an improved application process across all of the investment funds which it currently administers on behalf of government. Funding will continue to be available to address the challenges faced by developers who build new homes. Additionally, support will also be provided to custom builders, SME developers, infrastructure projects and innovative design. More information will be available in due course.
In the meantime, for more information about either the improved application process or the Builders Finance Fund please contact Builders.FinanceFund@hca.gsi.gov.uk for more information.
How to apply for funds supporting smaller housing developments.
Builders Finance Fund: shortlist
List of bidders that will go through the initial due diligence stage for funding from the Builders Finance Fund.
Builders Finance Fund: due diligence
Guidance for bidders going through due diligence for funding from the Builders Finance Fund.
Builders Finance Fund: bidding documents
These are the templates you must fill in and submit as part of any Builders Finance Fund bids during the continuous market engagement phase.