The Builders Finance Fundprovides a £525m fund for schemes between 15 and 250 housing units. Funding will be made available to accelerate or unlock viable housing schemes that have slowed down or stalled.
Access to the fund is on a recoverable capital investment basis and for private sector developers.
The design of schemes is a local matter and will be determined through the planning process. Local authorities and communities should determine the appropriate level of affordable housing, market housing and other uses as part of their wider aspirations for any site.
• Schemes must be delivering between 15-250 new homes
• Bids must be submitted by a private sector bidder who must have control of the site
• The site must have local authority support
• Schemes must have planning consent and be capable of implementing by March 2015.
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