Builders finance fund - Revision history

Designing Buildings at 08:10, 17 December 2020

2020-12-17T08:10:35Z

← Older revision		Revision as of 08:10, 17 December 2020
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	In October 2015, the [http://www.bbc.co.uk/news/uk-england-33659591 BBC] reported that of the £525m funding available, just £1m had been allocated, with just 2 projects having received awards. The fund is due to close in 2017.		In October 2015, the [http://www.bbc.co.uk/news/uk-england-33659591 BBC] reported that of the £525m funding available, just £1m had been allocated, with just 2 projects having received awards. The fund is due to close in 2017.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Housing Growth Partnership.		* Housing Growth Partnership.

−	=== External references ===	+	= External references =

	* [https://www.gov.uk/government/collections/builders-finance-fund Builders Finance Fund].		* [https://www.gov.uk/government/collections/builders-finance-fund Builders Finance Fund].
	* [https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/400206/20150130_-_Builders_Finance_Fund_prospectus.pdf Builders Finance Fund prospectus].		* [https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/400206/20150130_-_Builders_Finance_Fund_prospectus.pdf Builders Finance Fund prospectus].

−	[[Category:~~Policy~~]] [[Category:DCN_Policy]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Policy]] [[Category:Policy]]

Designing Buildings at 10:53, 5 July 2016

2016-07-05T10:53:58Z

← Older revision		Revision as of 10:53, 5 July 2016
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−
	= Introduction =		= Introduction =

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	The factors that are taken into account to determine eligibility include:		The factors that are taken into account to determine eligibility include:
−	*Projects must be between five and 250 houses.	+
−	*The bidder must be within the private-sector.	+	* Projects must be between five and 250 houses.
−	*For bids of between five and fourteen houses, the bidders must be small and medium enterprises (SMEs).	+	* The bidder must be within the private-sector.
−	*Public sector bodies cannot bid in their own right but a private sector partner is eligible.	+	* For bids of between five and fourteen houses, the bidders must be small and medium enterprises (SMEs).
−	*Organisations that control land that has been disposed of by the Homes and Communities Agency (HCA) are eligible if a legal agreement is in place.	+	* Public sector bodies cannot bid in their own right but a private sector partner is eligible.
−	*A minimum of outline planning permission must be in place for the site.	+	* Organisations that control land that has been disposed of by the Homes and Communities Agency (HCA) are eligible if a legal agreement is in place.
−	*The site must have planning consent in place by the ~~30<sup>th</sup>~~ June 2015 to allow development to begin.	+	* A minimum of outline planning permission must be in place for the site.
−	*The funding will be a development fund to contribute to project costs for delivery of the scheme.	+	* The site must have planning consent in place by the 30th June 2015 to allow development to begin.
−	*Funding will be temporary, either as a loan or as a recoverable equity share (capital investment plus a return).	+	* The funding will be a development fund to contribute to project costs for delivery of the scheme.
−	*Adequate security for the investment will be required.	+	* Funding will be temporary, either as a loan or as a recoverable equity share (capital investment plus a return).
−	*Investments must be state-aid compliant.	+	* Adequate security for the investment will be required.
−	*Funding must be drawn down by ~~31<sup>st</sup>~~ March 2017 and must include some draw down in 2015/16.	+	* Investments must be state-aid compliant.
−	*A minimum of £200,000 is required.	+	* Funding must be drawn down by 31st March 2017 and must include some draw down in 2015/16.
−	*Bidders must agree that the project is fundamentally viable, repayment will be possible and that any other existing lenders consent.	+	* A minimum of £200,000 is required.
−	*Residential properties within the scheme must be marketed in the UK.	+	* Bidders must agree that the project is fundamentally viable, repayment will be possible and that any other existing lenders consent.
−	*A robust delivery plan is required.	+	* Residential properties within the scheme must be marketed in the UK.
−	*If funding has been received from other similar Government programmes, they will not be eligible under the current scheme.	+	* A robust delivery plan is required.
		+	* If funding has been received from other similar Government programmes, they will not be eligible under the current scheme.

	= Application process =		= Application process =

−	Bids can be submitted using the ~~[https://partners.hca-online.org.uk/~~ online Expression of Interest form]. The Homes and Communities Agency will consult with local authorities to determine their opinion on the proposal.	+	Bids can be submitted using the online Expression of Interest form. The Homes and Communities Agency will consult with local authorities to determine their opinion on the proposal.

−	The Homes and Communities Agency and the Greater London Authority (GLA) will make decisions on the ~~[https://www.gov.uk/government/publications/builders-finance-fund-~~shortlist ~~shortlist]~~ and undertake ~~[https://www.gov.uk/government/publications/builders-finance-fund-due-diligence~~ due diligence], contracting and monitoring on proposals.	+	The Homes and Communities Agency and the Greater London Authority (GLA) will make decisions on the shortlist and undertake due diligence, contracting and monitoring on proposals.

	Following the successful passing of the due diligence stage, the project will achieve formal investment approval and negotiate on the contract terms before investment.		Following the successful passing of the due diligence stage, the project will achieve formal investment approval and negotiate on the contract terms before investment.
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	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===
−	*Housing Growth Partnership.	+
		+	* Housing Growth Partnership.

	=== External references ===		=== External references ===
−	*[https://www.gov.uk/government/collections/builders-finance-fund Builders Finance Fund].
−	*[https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/400206/20150130_-_Builders_Finance_Fund_prospectus.pdf Builders Finance Fund prospectus].
−	*[https://partners.hca-online.org.uk/ Expressions of Interest online form].

−	[[Category:Policy]]	+	* [https://www.gov.uk/government/collections/builders-finance-fund Builders Finance Fund].
		+	* [https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/400206/20150130_-_Builders_Finance_Fund_prospectus.pdf Builders Finance Fund prospectus].
		+
		+	[[Category:Policy]] [[Category:DCN_Policy]]

109.156.105.79 at 14:00, 15 October 2015

2015-10-15T14:00:31Z

← Older revision		Revision as of 14:00, 15 October 2015
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	The Department for Communities and Local Government have produced a [https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/400206/20150130_-_Builders_Finance_Fund_prospectus.pdf prospectus] with detailed information about the fund.		The Department for Communities and Local Government have produced a [https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/400206/20150130_-_Builders_Finance_Fund_prospectus.pdf prospectus] with detailed information about the fund.
		+
		+	In October 2015, the [http://www.bbc.co.uk/news/uk-england-33659591 BBC] reported that of the £525m funding available, just £1m had been allocated, with just 2 projects having received awards. The fund is due to close in 2017.

	= Find out more =		= Find out more =

Designing Buildings at 10:39, 8 July 2015

2015-07-08T10:39:28Z

← Older revision		Revision as of 10:39, 8 July 2015
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	= Find out more =		= Find out more =
		+
		+	=== Related articles on Designing Buildings Wiki ===
		+	*Housing Growth Partnership.

	=== External references ===		=== External references ===

Designing Buildings at 09:15, 26 February 2015

2015-02-26T09:15:37Z

← Older revision		Revision as of 09:15, 26 February 2015
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	= Introduction =		= Introduction =

−	The [https://www.gov.uk/government/collections/builders-finance-fund Builders Finance Fund] was created in April 2014 with the aim of assisting smaller housing developers in England. The fund has been extended for housing schemes of between five and 250 homes. A total of £525 million has been set aside to help promote development. The purpose is to assist developments that have temporarily stalled due to financial issues.	+	The [https://www.gov.uk/government/collections/builders-finance-fund Builders Finance Fund] was created in April 2014 with the aim of assisting smaller housing developers in England. The fund has been extended for housing schemes of between five and 250 homes. A total of £525 million has been set aside to help promote development. The purpose is to assist developments that have temporarily stalled due to financial issues.

	The fund operates by making a direct investment as a loan to assist cashflow problems or by taking an equity share. Investments are made over a two year period from 2015/16 to 2016/17.		The fund operates by making a direct investment as a loan to assist cashflow problems or by taking an equity share. Investments are made over a two year period from 2015/16 to 2016/17.
Line 42:		Line 42:

	= Find out more =		= Find out more =
−
−	~~=== Related articles on Designing Buildings Wiki. ===~~
−	*

	=== External references ===		=== External references ===

Designing Buildings: Created page with " = Introduction = The [https://www.gov.uk/government/collections/builders-finance-fund Builders Finance Fund] was created in April 2014 with the aim of assisting smaller housing..."

2015-02-26T09:15:13Z

Created page with " = Introduction = The [https://www.gov.uk/government/collections/builders-finance-fund Builders Finance Fund] was created in April 2014 with the aim of assisting smaller housing..."

New page

= Introduction =

The [https://www.gov.uk/government/collections/builders-finance-fund Builders Finance Fund] was created in April 2014 with the aim of assisting smaller housing developers in England. The fund has been extended for housing schemes of between five and 250 homes. A total of £525 million has been set aside to help promote development. The purpose is to assist developments that have temporarily stalled due to financial issues.

The fund operates by making a direct investment as a loan to assist cashflow problems or by taking an equity share. Investments are made over a two year period from 2015/16 to 2016/17.

= Eligibility =

The factors that are taken into account to determine eligibility include:
*Projects must be between five and 250 houses.
*The bidder must be within the private-sector.
*For bids of between five and fourteen houses, the bidders must be small and medium enterprises (SMEs).
*Public sector bodies cannot bid in their own right but a private sector partner is eligible.
*Organisations that control land that has been disposed of by the Homes and Communities Agency (HCA) are eligible if a legal agreement is in place.
*A minimum of outline planning permission must be in place for the site.
*The site must have planning consent in place by the 30<sup>th</sup> June 2015 to allow development to begin.
*The funding will be a development fund to contribute to project costs for delivery of the scheme.
*Funding will be temporary, either as a loan or as a recoverable equity share (capital investment plus a return).
*Adequate security for the investment will be required.
*Investments must be state-aid compliant.
*Funding must be drawn down by 31<sup>st</sup> March 2017 and must include some draw down in 2015/16.
*A minimum of £200,000 is required.
*Bidders must agree that the project is fundamentally viable, repayment will be possible and that any other existing lenders consent.
*Residential properties within the scheme must be marketed in the UK.
*A robust delivery plan is required.
*If funding has been received from other similar Government programmes, they will not be eligible under the current scheme.

= Application process =

Bids can be submitted using the [https://partners.hca-online.org.uk/ online Expression of Interest form]. The Homes and Communities Agency will consult with local authorities to determine their opinion on the proposal.

The Homes and Communities Agency and the Greater London Authority (GLA) will make decisions on the [https://www.gov.uk/government/publications/builders-finance-fund-shortlist shortlist] and undertake [https://www.gov.uk/government/publications/builders-finance-fund-due-diligence due diligence], contracting and monitoring on proposals.

Following the successful passing of the due diligence stage, the project will achieve formal investment approval and negotiate on the contract terms before investment.

A number of reporting obligations will be detailed within the contract to allow for monitoring of investments.

= Further information =

The Department for Communities and Local Government have produced a [https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/400206/20150130_-_Builders_Finance_Fund_prospectus.pdf prospectus] with detailed information about the fund.

= Find out more =

=== Related articles on Designing Buildings Wiki. ===
*

=== External references ===
*[https://www.gov.uk/government/collections/builders-finance-fund Builders Finance Fund].
*[https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/400206/20150130_-_Builders_Finance_Fund_prospectus.pdf Builders Finance Fund prospectus].
*[https://partners.hca-online.org.uk/ Expressions of Interest online form].

[[Category:Policy]]