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National Housing Bank confirms £35m package



The National Housing Bank has confirmed a £35m investment package across three projects in England.


Combined, these projects will deliver around 2,500 homes.

In Salford, a £14m infrastructure loan to joint venture partners Scarborough Group and Metro Holdings, will fund site preparation, enabling and design works, catalysing the delivery of up to 1,900 homes on brownfield land at Middlewood Locks.

In Bromley, a £10m infrastructure loan to Tikehau Capital will support the redevelopment of Walnuts Shopping Centre, including the creation of 440 homes, a regeneration project for Orpington town centre.

And in Ludlow, an £11m development finance loan to Pickstock Homes will support the third phase of scheme development and the creation of nearly 90 homes.

Homes England has previously supported Pickstock to build 140 new family homes in phases one and two of the scheme.

“These deals demonstrate the breadth and diversity of the National Housing Bank’s offer and underline our appetite to work with investors, developers, home builders and places across the country,” said Simon Century, CEO at the National Housing Bank.

“The speed of our work, as underlined by these deals in particular, is evidence that we will take effective, purpose-driven decisions quickly and proactively, acting as an enabler, not a barrier, to the market as we continue our work to deliver homes and regeneration across the country.”



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