Homes England launches £250m development finance fund

London new build housing

Scheme with United Trust Bank will provide loans for SME developers

Government housing quango Homes England has launched a £250m fund with United Trust Bank to finance schemes by SME developers.

Homes England said its five-year “housing accelerator fund” will be used to provide loans of between £1m-£10m to finance the development of projects, at a maximum loan to value of 70%.

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