In a document released at the international property event in Cannes last week, the Department for International Trade (DIT) revealed a portfolio of housing schemes seeking private investment, with an expected gross development value of approximately £6.2bn.
The nine schemes included in the DIT’s housing investment opportunities portfolio vary from garden towns to city centre regeneration schemes, and could support the construction of up to 67,250 new homes across the UK.
The government’s housing delivery body Homes England is working with a series of local authorities as co-promoters on the majority of the schemes, and is currently trying to move the projects forward.
At the same time, the Chair of Homes England has suggested that there is sufficient demand post Brexit to attract investors to build new homes due to the demand created by the housing shortage.