Vistry bags share of £5.2bn affordable homes funding – list
Homes England has selected its 31 new strategic partners to deliver grant-funded affordable homes over the next five years.
Under the Affordable Homes Programme 2021-26, Homes England is committing almost £5.2bn in affordable housing grant to 31 strategic partnerships.
Vistry is one of the new private sector partners bagging £83m to build nearly 1,500 affordable homes. Retirement specialist McCarthy & Stone and new modular housing entrant Legal and General are also among the new faces securing direct funding.
Homes England’s strategic partners will deliver nearly 90,000 grant-funded affordable homes across the country. London has decided its own extra £3.46bn funding allocations focused on councils and housing associations to deliver nearly 30,000 affordable homes over the next five years.
It is the first time that councils and for-profit providers have been able to access strategic partnership funding after a change to the rules that previously allowed only housing associations to apply.
Homes England Affordable Homes Programme grantsOrganisationGrant fundingNumber of homesAbri£250m3,218Accent£210m3,305Aster£114m1,550Bromford£240m4,000Clarion£250m4,770Curo & Swan£160m2,425EMH & Midland Heart£172m3,551Flagship£93m1,500Great Places£241m4,920Greensquare Accord£213m3,755Guinness & Stonewater£250m4,180Hyde£250m3,000Karbon£132m2,200Legal & General£126m2,121LiveWest£124m2,550Longhurst & NCHA£230m3,935McCarthy and Stone£94m1,500Metropolitan Thames Valley£623m1,500Onward£152.m3,208Orbit£104m1,500Places for People£250m4,403Platform£250m4,680Riverside£81m1,530Sage£74m1,750Sanctuary£100m2,000Sovereign£167m3,338Thirteen£191m3,270Together£250m4,047Torus£140m2,736Vistry£83m1,474Vivid£106m1,550
Peter Denton, chief executive officer at Homes England, said: “These strategic partnerships give our new partners the funding, flexibility, and confidence they need to build much needed affordable homes across the country, it also establishes a large network of organisations looking to share their skills and capabilities to expand the affordable housing sector and transform communities.
“By forming strategic partnerships with a wide range of public and private organisations, we are creating the conditions needed for institutional investment to catalyse affordable housing supply and in future give local authorities more of the tools they need to plan and act strategically, shaping their communities and building new homes.”
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KPMG facing formal complaint over Carillion audit
Accountant KPMG is facing allegations of providing “false and misleading information” during audits of collapsed contractor Carillion
The Financial Reporting Council (FRC) has delivered a disciplinary Formal Complaint against KPMG LLP, a former KPMG partner and certain current and former KPMG employees.
The FRC’s investigation was opened in November 2018 after KPMG had self-reported certain matters relating to the review of the 2016 Carillion audit.
A Disciplinary Tribunal has been convened to hear the Formal Complaint and determine whether or not the respondents have committed misconduct.
The hearing is scheduled to commence on 10 January 2022.
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Wernick buys Danzer to boost site cabin production
Modular specialist Wernick has bought smaller Manchester-based rival AVDanzer to boost production of site cabins in the face of rising demand from contractors.
The new acquisition means that Wernick will add additional manufacturing capabilities and increase its fleet with more than 2,000 cabins and modular bays.
AVDanzer, also known as Danzer, supplies major infrastructure and development projects including the London Power Tunnels Project and the nuclear power station at Hinkley Point in Somerset.
Following the acquisition, Danzer will continue to operate as usual from its sites in Manchester and Langley Mill.
Danzer 60-unit welfare complex for Barking Riverside development
The manufacturing of anti-vandal steel that is currently based at Langley Mill will continue trading as AVDanzer. But its Brentwood depot will merge and become a part of Wernick’s depots in Essex and Kent.
Wernick’s Group Chairman, David Wernick, said: “We have strong admiration for Danzer’s manufacturing capability and products, and after initial discussion it quickly became apparent that both family-owned businesses share the same values of excellent customer service, outstanding product quality, focus on safety, and keeping things simple.”
