National Housing Delivery Fund
The National Housing Delivery Fund (NHDF) supports housing and mixed-use schemes.
Applies to England
NHDF is part of a wide programme of activity across a number of delivery partners.
What the fund supports
If you are a public or private sector partner Homes England can work with you to drive growth and transform places. We can achieve this by boosting housing supply on otherwise unviable large and complex sites, and supporting land assembly, remediation and up-front infrastructure delivery on projects such as utilities and schools.
The fund can support the delivery of a range of projects from smaller SME-led development to larger-scale transformative projects, through:
- loans — also delivered through the National Housing Bank (NHB)
- equity and guarantees — delivered through the National Housing Bank (NHB)
- grant funding
Homes England may also use the fund to directly acquire and de-risk land for development.
How the fund works
All projects have different aims and ambitions, Homes England will work with you to agree the most appropriate delivery solution.
We aim to maximise value for money and structure our interventions to ensure recovery of capital and, where appropriate, a financial return (for example, through repayment and profit-share mechanisms) subject to viability.
Through due diligence, we reserve the right to offer support through the full suite of Homes England and National Housing Bank interventions.
All our loan and equity lending requires appropriate security, and loans are typically secured against property assets (for further detail refer to the National Housing Bank (NHB)).
The Affordable Homes Programme is also available to partners who want to deliver affordable housing for rent or sale.
Eligibility for funding
Up to £19 billion is available for projects across England as part of this fund.
We are unable to help in circumstances where provision of funding would not meet UK subsidy control rules established under the Subsidy Control Act 2022.
If your project is seeking capital funding within an Established Mayoral Strategic Authority (EMSA) area you should refer to their guidance first.
This covers projects in:
- London
- Greater Manchester
- Liverpool City Region
- the North East
- South Yorkshire
- West Midlands
- West Yorkshire
This requirement does not apply to funding through our debt or equity interventions.
You may be eligible for funding if your project:
- meets the strategic aims of the fund
- would stall, or could not progress, without this funding
- will enable or facilitate the development or delivery of new or refurbished homes — if your project involves the refurbishment or redevelopment of residential units, the scheme must deliver a net increase in the homes where there are homes deemed uninhabitable
- represents value for money
You may be eligible for funding if you are a body corporate.
Investments may be made into non-UK entities by body corporates.
A body corporate must be a UK registered corporate entity, and have 1 or more of these characteristics:
- its own legal personality
- a partnership, including a limited liability partnership (LLP)
- an English local authority
- a public entity
These investments may be based outside the UK, in line with Homes England’s domicile policy.
What we can fund
We will assess and approve projects that support policy priorities such as:
- the best value for money for the taxpayer
- the greatest potential for early delivery, prioritising those delivered within the parliamentary period
- addressing areas of acute housing need (such as those facing affordability pressures or large urban areas)
- diversification and innovation in the housing market
- delivering high levels of affordable housing
- brownfield development
What types of support we can offer
You can contact us about the following types of support:
- Advice and brokerage
- Debt funding (National Housing Bank)
- Equity funding (National Housing Bank)
- Grant funding (for housing or infrastructure or for Homes England to buy land on your behalf)
- Guarantees (National Housing Bank)
Homes England can also provide support to help you buy land.
What we cannot fund
We cannot fund projects where:
- your project is not benefiting the supply of housing in England
- there are new leasehold houses
- leasehold flats are charged more than a peppercorn (nominal) ground rent
How to apply
Make an enquiry about funding and support from the National Housing Delivery Fund.
Contact us
Contact Homes England about the National Housing Delivery Fund.