The UK’s housing and regeneration agency Homes England’s Home Building Fund, in collaboration with HSBC UK, has provided a multimillion-pound finance package to Wyatt Homes, a housing developer.
The Home Building Fund is a government initiative to partner with the private sector to attain Labour’s goal of constructing 1.5 million homes during this parliamentary term.
This latest funding will enable Wyatt Homes to build more than 300 homes each year across the counties of Dorset, Hampshire, Somerset, and Wiltshire, which includes the provision of new affordable housing options.
The previous finance agreement in 2022 between Homes England and HSBC UK expedited the creation of more than 1,000 new family homes spread across various locations.
Homes England loans director Nigel Barclay said: “As the government’s housing and regeneration agency, we are committed to working in partnership with organisations in both the public and private sector, to achieve their ambitions and develop much-needed new homes across the country.
“Supporting Wyatt Homes’ ambition to grow housing delivery to over 300 homes per year across developments in Dorset, Hampshire, Somerset and Wiltshire is an excellent example of how the agency’s Home Building Fund can be deployed alongside private-sector capital from HSBC UK, to deliver high-quality new homes in priority locations while supporting the growth of small and medium house builders, that are crucial to building a diverse and resilient housing sector.”
HSBC UK housing head Dan Wright added: “Having supported Wyatt Homes over the past five years, we’re thrilled to continue backing its growth journey. This substantial finance package will bolster the business’s operations, enabling it to increase its annual output and address the urgent need for housing in the South of England. Additionally, the financing strengthens our expanding partnership with Homes England to support house building across the country.”
Wyatt Homes, with more than three decades of experience in the industry, claims to focus on a traditional approach to homebuilding.
The company’s previously developed properties include Luzborough Green in Romsey, Weatherbury Place in Puddletown, Harbour Ridge at Canford Cliffs, and Chapel Fields in South Petherton.
