Updated: Prospectus removed while awaiting updated document
The £525 million Builders Finance Fund is designed to help restart and speed up housing developments between 5 and 250 units that have slowed down or stalled. Its main objective is to address difficulties in accessing development finance faced by some housebuilders, particularly smaller developers, and to help bring forward stalled but viable sites.
Funding is being made available on the basis that it is recoverable. It will make investments over 2 years from 2015 to 2016 through to 2016 to 2017 and will be operated as an open competition. There is a minimum investment of £200,000. Total funds must be drawn down by 31 March 2017.
Bidding for Builders Finance Fund is openExpressions of interest to bid for the Builders Finance Fund has reopened. Bidding is open on a continuous basis until the fund has been allocated. Bids will be assessed and prioritised against the criteria set out in the prospectus and where applicable will be allocated to the shortlist.
Any enquiries should be emailed to Builders.FinanceFund@hca.gsi.gov.uk
Local copy of BFF_leaflet_Dec_2014.pdf
https://www.gov.uk/government/publications/builders-finance-fund-prospectus
seen at 16:41, 17 December in Publications on GOV.UK.Email this to a friend.