This funding will be used by Accent and its partners to deliver 301 additional affordable homes with most of these designated for social and affordable rent.

Specifically, Thrive Homes — one of Accent’s partner housing associations — will use the money to deliver 22 social and affordable homes in Borehamwood with Accent delivering the remaining 279 across its development programme.

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"This latest funding is a great vote of confidence in our place-based development programme and our people,” said Nick Apetroaie, CEO at Accent.

“With demand higher than ever, we are determined to play our part in tackling the housing crisis and providing secure, quality homes for those who need them most."

Chantelle Barker, director of development at Thrive Homes, added: “We have just gone into contract on our 186-home development with Hill Investment Partnerships (The Hill Group) at Lyndhurst Farm, Borehamwood.

“This funding confirmation gives us security to deliver the last phase of 22 homes on that site, which will include homes for social rent.”