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Housing Minister Announces New Multi-Million Build-to-Rent Scheme

A £400 million development scheme was announced by Housing Minister Gavin Barwell, to provide more than 2,000 quality build-to-rent homes in Manchester, Birmingham & Leeds.

A £400 million development scheme was announced by Housing Minister Gavin Barwell, to provide more than 2,000 quality build-to-rent homes in Manchester, Birmingham & Leeds.

The project is the latest house building scheme confirmed by the UK government, representing one of the largest private sector investments in the country.


Due to receive £45 million from the Government’s new Home Building Fund, announced in last month’s Autumn Statement, the £400 million development scheme is projected to create 2,062 new homes for rent and an estimated 1,500 jobs across 3 cities.


995 new build-to-rent properties will be built in Manchester, 744 in Leeds and 323 in Birmingham, as part of the government’s commitment to boost business and investment across the Northern Powerhouse and Midlands Engine.


Spearheading the project will be national developer Dandara Group, supported by the government’s housing delivery agency, the Homes and Communities Agency, and by banking giant HSBC.


In his announcement, Housing Minister Gavin Barwell said:


“Alongside home ownership, we’re determined to create a bigger, better private rental market to offer greater choice for tenants in a country that works for everyone.


“This is one of the largest private rental sector deals in the UK and will not only create thousands of homes for people in Birmingham, Leeds and Manchester - it will create jobs and opportunities for many hundreds of people.”


Earlier in the week, newly released figures from mortgage lender Nationwide showed that demand for property purchases rose further in November, fuelled by record-low interest rates and a strong labour market.

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