This programme is designed to accelerate the delivery of new homes for social rent, affordable rent and shared ownership.

Homes England has also published updated bidding guidance to support partners in developing strong proposals and gaining a clear understanding of the programme’s requirements and expectations.

Access to the programme is available through two routes. The first is Continuous Market Engagement (CME), which enables partners to work with the Agency throughout the life of the programme on a scheme-by-scheme basis.

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The second route is the Strategic Partnership Framework, which offers long-term funding certainty to partners delivering at pace and scale, enabling the Agency to allocate larger funding packages.

A key requirement of the programme is that partners must be able to deliver at least 60% of homes for social rent.

“Today marks an important milestone in the government’s ambition to deliver the biggest increase in social and affordable housebuilding in a generation as we open our new Social and Affordable Homes Programme for business,” said Matthew Pennycook, housing and planning minister.

“Working in close partnership with the sector, we have given providers the funding and regulatory certainty they need and we’re now calling on them to come forward with bold, ambitious bids so we can kickstart a decade of social and affordable housing renewal.”