Section: Housing Finance

Japan's largest house builder moves into UK housing market

Posted 15.05.19
Sekisui House: Further reading

The largest house builder in Japan, Sekisui House, has announced that it will form a partnership with Homes England and the regeneration company Urban Splash and move into the UK housing market.

Aiming to deliver thousands of new homes across England, it plans to contribute to the revitalisation of the UK market with know-how grown through 60 years experience in Japan.

The £90 million deal comprises a total new investment of £55 million into regeneration company Urban Splash's 'House' development business. This provides a significant boost to the UK's modular housing industry and will help to speed up production of much needed new homes.

Sekisui House have invested £22 million of new equity, with £30 million of equity and debt funding coming from the Government's Home Building Fund, administered through Homes England.

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Help for affordable homes in Scotland

Posted 01.05.19
Scottish Government: Further reading

An additional £80 million over the next two years will help councils deliver affordable homes across Scotland.

The investment will mean local authorities will share a total of £1.3 billion between now and 2021 to help achieve the Scottish Government's ambitious aim to deliver 50,000 affordable homes, with 35,000 available for social rent, by that date.

The extra affordable housing investment available for each local authority area is decided by a needs based formula agreed with COSLA in 2012.

A breakdown of funding by council areas is available via the above link.

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Reporting on May 2019

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