Subscribe to our Construction Newsfeed
UK Construction Directory
Search our 157,427 companies....

Construction News

13/01/2012

More Details Of 'Get Britain Building Programme' Unveiled

Construction News Image
The Homes and Communities Agency (HCA) has issued the draft contract Heads of Terms and a set of Frequently Asked Questions (FAQs) to further help developers prepare their bids for the £420 million Get Britain Building programme.

The new programme, part of the Government's housing strategy and managed by the HCA, was launched on 22 December, and will enable work to start on stalled sites with planning permission. The programme will unlock up to 16,000 new homes by December 2014.

Get Britain Building is intended to address difficulties in accessing development finance faced by some house builders and to help bring forward sites where viability is marginal by sharing risk. It will operate by making loans available to projects on commercial rates, or taking equity stakes to share risk.
-- Advertisement --
hss



Claire O'Shaughnessy, Head of Land and Regeneration, said: "We have had a lot of interest from the sector so far, with developers of all sizes across the country getting in touch to discuss how the programme can support their stalled sites.

"The FAQs and the Heads of Terms published today will add an extra level of detail and support to potential bidders. We are also interested in talking to potential bidders about the approaches to investment recovery described in the prospectus – including investment recovery across a number of phases in a multi-phase project and investment in private rented units."

Organisations have until 30 January 2012 to submit an Expression of Interest, which will be assessed by the HCA liaising with local authorities through February and early March. Shortlisted projects will be invited to enter a due diligence process with final decisions and contracts expected from May.

Work is anticipated starting up on sites across the country from June.

(CD/GK)

Latest Construction News

01/07/2025
Construction firm GRAHAM is making strong progress on the University of Manchester's flagship Fallowfield Campus redevelopment, working as part of the Viridis Consortium alongside partners Equitix and Derwent FM. Following the demolition of the iconic Owens Park Tower, the project has now entered i
01/07/2025
Kirklees Council has announced that the West Yorkshire Archive Service (WYAS) will be moving into a new, purpose-built home within Huddersfield's flagship library hub, part of the Our Cultural Heart regeneration scheme. The move marks a major milestone in the preservation and accessibility of the b
01/07/2025
Dalkia UK has officially assumed responsibility for the facilities management services at eight nuclear power stations operated by EDF Nuclear Operations. The newly secured contract includes a wide range of essential services, including mechanical and electrical maintenance, building and grounds up
01/07/2025
Ofgem has provisionally approved a landmark £24 billion investment package to upgrade Britain's energy infrastructure, strengthen energy security, and accelerate the transition to clean power. The initial funding, announced on July 1, is part of a wider £80 billion programme that represents the mo
01/07/2025
Engineering specialist MARCH has been appointed to United Utilities' Monitoring and Control Systems Integration framework, further strengthening its role in supporting vital water infrastructure projects across the North West. The framework, which will initially run for five years with the potentia
01/07/2025
THE GUARDTECH GROUP are gearing up for a golden second half of year with THREE awards showpieces on the calendar. First up, the cleanroom construction experts are finalists for the Large Business of the Year gong at the prestigious Suffolk Business Awards. That event takes place on Thursday 10 Jul
01/07/2025
Leeds College of Building (LCB) has launched a refreshed brand identity and a new website as it celebrates 65 years of delivering specialist education and training in the construction industry. The rebrand follows an 18-month collaboration with branding agency Born Communication, aiming to better r
01/07/2025
Three major projects delivered by Farrans have been named among the UK and Ireland’s best in the shortlist for the 2025 British Construction and Infrastructure Awards. The Gull Wing Bridge in Suffolk, constructed by Farrans on behalf of Suffolk County Council, has been shortlisted in the Best Trans
01/07/2025
Persimmon Homes Wessex and Selwood Housing have formalised a new agreement to deliver additional affordable homes at the Backbridge Farm development in Malmesbury. The two organisations have exchanged contracts on six high-quality homes, which Persimmon will complete and hand over to Selwood Housin
01/07/2025
More than 200 pupils from 14 Manchester schools came together to celebrate their achievements in sustainability and environmental action, as part of the city’s Eco-Schools programme. Teachers and community leaders joined the pupils in Heaton Park to officially recognise the schools that have led t
Aqua Direct LtdLakeside HireStuart CanvasEfco UK LtdRedcoptersASAP Comply LtdThe Glue PeopleABG T & L LtdTrojan PavingCeiling Tech ltd