The bidding process for the £39bn Social and Affordable Homes Programme opens at 1pm today.
Registered providers, councils and housebuilders will be able to apply for grant funding through the £39bn programme, which is targeting the delivery of 300,000 homes over 10 years, with 60% of those for social rent.
The bidding process for the £39bn Social and Affordable Homes Programme opens at 1pm today.
Registered providers, councils and housebuilders will be able to apply for grant funding through the £39bn programme, which is targeting the delivery of 300,000 homes over 10 years, with 60% of those for social rent.
The Greater London Authority, which will allocate the capital’s £11.7bn under the programme, will also open bidding at 1pm today.
Bids must contain homes that can start on site by 31 March 2036 and complete by 31 March 2039.
Successful bidders will be expected to demonstrate a successful track record of delivery, organisational capacity to deliver, how they are meeting regulatory requirements, board approval for the bid and other funding certainty.
The programme, announced in the summer spending review, will offer two routes through which providers can seek grant funding: strategic partnership and continuous market engagement (CME).
Under the CME option, an applicant would deliver on a scheme-by-scheme basis, while a provider would deliver a specific amount of homes over a set time period under a strategic partnership.
A ‘portfolio’ CME approach has also been made available for the first time, allowing bidders to deliver homes across multiple sites at once. Homes England said in its latest guidance that it expects between 300 and 500 new social and affordable homes to be delivered by 2036 using this model.
While bidding through the strategic partnership funding route will close on 15 April 2026, the CME option allows applicants to bid for funding for one (or more) development scheme at any time during the programme, subject to funding being availabl
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