This initiative is designed to unlock investment for “underutilised” land as part of the government’s brownfield-first strategy.

According to government data, as of 2025 there are 36,450 brownfield sites in the UK that could accommodate up to 1.46 million homes if fully developed.

The programme will be led by Maslow Capital’s lending solutions division.

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“Historically, private developers have faced significant challenges in redeveloping brownfield sites due to high cleanup costs and unforeseen geotechnical issues, which can escalate project costs,” said Adam Baghdadi, head of lending solutions (UK & Europe) at Maslow Capital.

“Partnering with a government body enables us to deliver a structured funding solution with real impact – one that will not only accelerate the delivery of much-needed, high-quality homes, but also stimulate local economies.”

Nigel Barclay, director of loans at Homes England, added: “Small and medium-sized housebuilders are critical to delivering new homes, yet they often struggle to access the funding needed to unlock complex sites.

“The programme aims to address that issue and help to bring forward projects that serve as a blueprint for sustainable development by transforming underused land into new, thriving communities.”