JV NorthGovernment, Home building, Homes England, News, SOAHP 2016/21

JV North delivered 15 per cent of the North West’s social housing properties, new figures reveal.

Made up of nine full members across the region, JV North’s performance relates to the 2018/19 financial year.

The consortium has significantly grown the size of its development work in the past 18 months.

In the 2016/21 Shared Ownership Affordable Homes Programme, JV North is building over 4,760 properties in total with a range of tenures offered.

The increase comes after additional grant bids were successfully made to Homes England via its Continuous Market Engagement (CME) programme.

Overall, JV North has secured £138.9m of funding from Homes England with members investing £452.5m in the 2016/21 programme.

JV North Chairman, Wayne Gales, said: “Members have a growing appetite to build homes and are making excellent use of Homes England’s CME to access more grant funding.

“The consortium’s ambition aligns with the aspirations of Homes England’s recently released five-year Strategic Plan.

“With the uncertainty around Brexit, members are now looking to submit further bids for forthcoming schemes as soon as possible to secure grant.”

JV North members also received greater freedom in the way it operates.

“We have an excellent relationship with Homes England and made it a successful offer to reshape our current arrangement so we have more flexibilities,” adds Mr Gales.

“This means having the ability to switch tenures and drawing down a bigger percentage of grant at the start on-site stage so we can deliver more homes in our communities.

“With just over two years left in the current Shared Ownership Affordable Homes Programme, we now urgently need certainty about future grant funding so we can commit to building more large-scale developments, which due to their size, will be completed after 2021.”