Homes England maps out plan to double its output by 2030

Collaboration with local leaders, greater funding flexibility, and efforts to encourage more institutional investment into the housing sector are hallmarks of the agency’s five-year strategic plan, which aims to help government towards its ambitious 1.5m homes target.

Published yesterday, Homes England’s five-year strategic plan formalises much of the agency’s recent messaging around taking a more interventionist and place-based approach to housing delivery.

Homes England estimates that by following the new strategic plan, the number of homes it unlocks annually could increase from 40,000 in 2025/26 to more than 80,000 by 2029/30.

Armed with £46bn, Homes England will do this by offering long-term, flexible funding, supporting planning reforms, and working closely with local leaders including mayors on their priority projects.

The National Housing Bank, a subsidiary of Homes England due to go live in April, is a key part of this plan to increase institutional investment into the housing sector.

The bank will offer debt, equity, and guarantees to support the delivery of homes and make schemes more attractive to investors.

Efforts to unlock the flow of capital into housing can already be evidenced though partnerships like Habiko – a JV between Muse, PIC, and the agency – and the recently announced partnership Homes England has established with Capital&Centric and Swiss Life.

Read the five-year strategy in full

Housing Secretary Steve Reed said: “Homes England is playing a key role in building more new homes by bringing in essential private investment and supporting the biggest boost to social and affordable housing in a generation.

“The launch of their new plan kicks off a new phase of working together to invest in housebuilding at scale that will help us bring the housing crisis to an end.”

Pat Ritchie, chair of Homes England, said the plan “marks the start of a new chapter of strengthened collaboration, innovation, and delivery at scale”.

She said: “Through partnership and a deep understanding of local needs, we can create a much-needed step change in the delivery of new homes, including social housing, and affordable communities– directly addressing the needs of current and future generations and ensuring everyone can have a safe place to live and thrive.”