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We are delighted to be working with Homes England to provide funding solutions that will deliver more homes. Through our combined experience and expertise in residential development we feel positive that we can help more developers deliver the homes our communities need.
Dennis Watson, Head of Real Estate, Barclays
This innovative £1 billion partnership will provide a significant boost to a diverse range of residential property developers and drive a dynamic and competitive marketplace.
Nick Walkley, CEO, Homes England
The UK Government has a target to build 300,000 new homes a year. Barclays and Homes England are collaborating to provide up to £1bn in residential development debt funding to help deliver more homes at a faster pace.
The fund will help suitable development schemes looking for debt funding comprising senior and mezzanine tranches of up to 80% of cost and 70% of value. Loans between £5m and £100m are available to borrowers seeking to increase the number, or accelerate the progress of new homes in England.
"We’re the government’s housing accelerator. We have the appetite, influence, expertise and resources to drive positive market change. We’re making possible the new homes England needs, helping to improve neighbourhoods and grow communities. We welcome partners who share our ambition to challenge traditional norms and build better homes faster. Join us in breaking new ground to make this happen." Homes England
Both the Borrower and the proposed development scheme must meet the following core criteria to be eligible
for the funding application:
Before making the application, please download and read the fund fact sheet and check your eligibility.
For over 15 years Barclays has had a dedicated residential real estate team serving clients including national house builders and experienced developers.
Dennis is a Managing Director in Barclays Corporate Banking and is the Head of Real Estate.
His career with Barclays spans over 30 years during which time he has undertaken a variety of roles in both the Retail and Corporate businesses.
He has been responsible for Corporate Banking’s Real Estate lending activity since 2006 and the 150 strong team now covers all of the Bank’s Real Estate clients in the UK from the SME sector through to the listed house builders and REITS, providing financing lines in excess of £10bn.
In recent years Dennis has also had responsibility for the Infrastructure & Project Finance, Social Housing and Asset Finance teams well as being Chairman of Barclays Mercantile Business Finance and Barclays Funds Investments Limited.
To find out what our Real Estate team can do for your business, email Dennis or call our dedicated team on 0800 015 4242*
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