The facility is currently undrawn.

The CCFF is available to companies and their subsidiaries who are considered to make a material contribution to the UK economy, according to the Bank of England website. 

The company is currently negotiating an additional £100m of headroom under the group’s existing Revolving Credit Facility (RCF) with its six relationship banks.

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The documentation is expected to be concluded by the end of April, resulting in an increase in RCF from £250m to £350m.

John Tutte, executive chairman at Redrow plc, said, "The response from colleagues and customers during these unparalleled times has been magnificent and I am grateful for their continuing support and understanding. 

“The positive progress we have made on securing additional banking facilities means we can now finalise plans for our valued workforce and supply chain, to make an orderly return to work when we are advised it is safe to do so.”