£16bn housing bank launches to unlock stalled schemes | Construction Enquirer News

The government-backed lender opens for business this week with a clear brief: de-risk developments, crowd in private capital and accelerate delivery across England’s clogged housing pipeline. A first £100m deal with insurer Aviva will fund thousands of build-to-rent homes, including an initial 300 across Liverpool and Manchester, signalling the Bank’s focus on getting schemes moving quickly. The National Housing Bank, a subsidiary of Homes England, is targeting more than 500,000 homes over the next decade while unlocking £53bn of private investment. It will deploy a mix of debt, equity and guarantees to tackle the core barriers holding back delivery — including stalled sites, weak viability, and constrained lending. The move comes alongside a new Investment Prospectus bringing together Homes England’s funding, land and delivery tools into a single offer for developers, councils and investors. Aviva £100m funding deal Manchester Moston Lane rental family home scheme The Aviva-Homes England partnership has appointed Place Capital Group as its exclusive development partner, with plans to deliver up to 3,300 homes as funding scales up. Early sites are already secured in Liverpool and Manchester, giving the first clear signal of how the Bank intends to convert funding into starts on site. At Vescock Street in Liverpool, 135 homes will be built as part of wider ambitions to regenerate underdeveloped neighbourhoods across the city. In Manchester, around 150 homes are planned at M...