Homes Exceeding Targets Completions: Homes England has surpassed its 2024/2025 annual targets for new homes started, completed, and potential homes unlocked, marking a significant milestone in the government’s ambition to deliver 1.5 million homes this parliament. Here’s a detailed breakdown of their achievements:
Key Achievements:
– New Homes Completed: Homes England enabled the completion of over 36,000 homes, representing a 14% increase from 2023/24. The agency’s target was 36,095, and they achieved 36,757 completions.
– New Homes Started: Construction began on 37,782 new homes, exceeding the target of 33,095 and marking a 6% rise from the previous year.
– Land Unlocked for Future Homes: Homes England unlocked land capable of delivering 78,986 potential homes, significantly surpassing the target of 59,956.
Supporting Local Leaders and Housing Development:
Homes England is working closely with local authorities, housebuilders, and private investors to drive housing development and regeneration. Some notable initiatives include;
– Strategic Place Partnerships: Collaborations with the North East Combined Authority, Liverpool City Region, and Cambridgeshire and Peterborough Combined Authority to support local housing and regeneration aspirations.
– Agency Land Acquisition: Targeted interventions like land acquisition in Nottingham and boots-on-the-ground expertise in York and Bristol.
– Affordable Homes Programme: Homes England is on track to ensure every penny of the 2021-26 Affordable Homes Programme is spent, with projects like Union Village in Middlesbrough benefiting from agency support.
Innovative Partnerships and Investments:
The agency is fostering innovative partnerships and investments to boost housing development and regeneration:
– HABIKO Housing Innovation Partnership: A collaboration with Pension Insurance Corporation (PIC) and Muse focused on affordable, low-carbon housing.
– Master Developer Joint Venture: A partnership with Oaktree Capital Management and Greycoat Real Estate to drive housing growth.
– Home Building Fund: Supporting organizations like Wyatt Homes to grow and deliver quality homes.
– Greener Homes Alliance: A lending initiative with Octopus Real Estate to promote sustainable housing.
Still on Homes Exceeding Targets Completions
Reaction from Government and Industry Leaders:
– Matthew Pennycook, Minister of State for Housing and Planning: Homes England is playing a crucial role in supporting the government’s Plan for Change to build 1.5 million new homes and deliver the biggest increase in social and affordable housebuilding in a generation.
– Pat Ritchie, Chair of Homes England: The team’s passion for housebuilding and regeneration remains its greatest strength, and I’m pleased to see this so clearly demonstrated in these results.
– Eamonn Boylan, Chief Executive of Homes England: Our 2024/25 performance figures reflect the Agency’s determination and passion for housing and regeneration. We’ve exceeded our delivery targets by supporting our housebuilding partners to create much-needed new homes.
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