Homes England has formally launched its new National Housing Bank, unveiling an investment prospectus and confirming an initial £100m partnership with Aviva.
The National Housing Bank has been established as a government-backed public finance institution aimed at accelerating the delivery of new homes and supporting the regeneration of towns and cities across England. Operating as a subsidiary of Homes England, the bank will work with housebuilders, developers, investors and registered providers to deploy up to £16bn through a mix of debt, equity and guarantees.
In addition to its direct investment role, the bank will collaborate with regional mayors through Homes England’s evolving regional structure, with the aim of strengthening partnerships and improving coordination across housing and regeneration programmes.
The initiative is expected to play a central role in supporting the delivery of more than 500,000 homes, alongside a range of major mixed-use and regeneration schemes. Over the next decade, the bank aims to unlock more than £53bn of private sector investment by providing financial support and reducing risk across development projects.
Alongside the launch, Homes England has published a new investment prospectus that brings together its full range of funding tools, land assets, statutory powers and technical expertise into a single document. The prospectus is intended to provide greater clarity for local authorities, combined authorities and development partners, setting out how the agency and the National Housing Bank can support the delivery of housing pipelines and wider regeneration activity.
The launch has been marked by a £100m partnership with Aviva, focused on delivering up to 3,300 homes for rent in areas identified as underinvested within major cities. Initial schemes are expected to include around 300 homes in Liverpool and Manchester, forming part of a broader programme to expand high-quality rental housing provision.
The creation of the National Housing Bank represents a significant step in the government’s efforts to scale up housing delivery and address long-standing supply challenges, while also supporting economic growth through targeted regeneration investment.
