To ask the Secretary of State for Housing, Communities and Local Government, how many micro or small to medium-sized house building firms have accessed developer finance through the Homes England and Invest & Fund partnership.
Answered on
26 November 2020
Homes England’s partnership with Invest & Fund supports small builders with construction loans of between £400,000 and £2.5 million, funding schemes of two homes and upwards. The partnership with Invest & Fund launched in September 2020.
Due diligence is currently being undertaken before agreements are made and funds provided. Invest & Fund continue to engage with potential borrowers to assess whether they meet the partnership lending criteria.