Get Britain Building Programme - Get Involved!
22 December 2011
The Homes and Communities Agency has issued detailed guidance for developers seeking a slice of the £420m Get Britain Building programme. The Get Britain Building fund hopes to unlock up to 16,000 new homes by December 2014. It will operate by making loans available to projects on commercial rates, or taking equity stakes to share risk.
We believe this is exiting news and we hope that this new programme will give the British Construction Industry a welcome boost.
Developers and builders have until 30 January 2012 to submit a expression of interest, which will be assessed by the HCA liaising with local authorities through February and early March. If you are interested, download the Get Britain Building Prospectus.
Short listed projects will be invited to enter a due diligence process with final decisions and contracts expected from May with work anticipated starting up on sites across the country from June.
To read more on this news item visit Bidding opens for £420m Get Britain Building loans.