It brings the total number of homes that have been, or will be, delivered across the UK using HGP equity to over 10,000, outperforming HGP’s target to reach this milestone by 2025.

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Since launching in 2015 with an initial focus on the residential for-sale sector, HGP, which is backed by Lloyds and Homes England, has partnered with 78 developers across 150 schemes, funding the completion of c. 3,750 homes across private for sale, affordable, PBSA, BTR, regeneration and retirement living, and the future delivery of a further 6,400. 

HGP’s latest investments will enable the accelerated delivery of 105 homes, in what are critically undersupplied UK regions. The schemes, all of which are due to complete in 2025, comprise:
 

• with Hassett Homes in West Derby, 18 new-build detached and semi-detached homes, alongside 14 converted apartments and townhouses within the Grade II-listed building
• 24 new family homes near Conwy, North Wales, alongside Hall & Co, marking HGP’s first deal in the North Wales region 
• a second investment with McGoff Group, to support the development of a 49-unit retirement bungalow scheme in Herne Bay, Kent

Vic Hepburn, CEO at HGP, commented: “These latest equity funding transactions, with a mix of new and existing partners, maintain the momentum of our record breaking 2023.

“Innovative solutions are required if the UK is to deliver the much-needed housing required, and we are incredibly proud to be playing our part by enabling developers to bring forward schemes more quickly.

“Passing 10,000 homes funded, a year earlier than planned, is just the start for us as we diversify into new tenures and continue delivering meaningful social impact.”