The £525m Builders Finance Fund is designed to help restart and speed up housing developments of between five and 250 units that have slowed down or stalled. Its main objective is to address difficulties in accessing development finance faced by some housebuilders, particularly smaller developers, and to help bring forward stalled but viable sites.
Funding is being made available on the basis that it is recoverable. It will make investments over 2 years from 2015 to 2016 through to 2016 to 2017 and will be operated as an open competition. There is a minimum investment of £200,000. Total funds must be drawn down by 31st March 2017.