Overview

• The bank will be backed by £16 billion of public investment to unlock over £53 billion of private funding for new homes.
• As a subsidiary of Homes England, the institution will offer government guarantees and revolving credit to de-risk complex development sites.
• It will establish lending alliances with private partners to expand financing options for small and medium-sized housebuilders and housing associations.
• The launch builds on a £39 billion Affordable Homes Programme running from 2026 to 2036 that provides grants to affordable housing projects.
• Economists warn that interest rates, planning hurdles and builder capacity could delay delivery, and Conservative MPs caution that the bank must not crowd out private capital.