Promise of more housebuilding as new partnership launched

Barratt Developments has entered into a joint venture with Homes England and Lloyds Banking Group that promises to boost housing supply. Titled the MADE Partnership, the group will act as master developer for multiple large-scale, residential-led developments, ranging from 1,000 to more than 10,000 homes, along with a variety of community facilities and employment uses.

Potential development opportunities will include large brownfield developments, as well as new garden village-style communities. The partnership brings together Barratt, the UK’s leading national sustainable housebuilder, Homes England, the government body responsible for housebuilding and regeneration in England, and Lloyds Banking Group, one of the largest funders of the UK housing sector.

The long-term partnership is initially backed by combined equity funding of up to £150m, provided equally by the partners. The partnership brings together the essential skills, expertise, and long-term approach, with the ability to unlock and scale the capital required to bring larger sites into production, enabling both major and SME homebuilders to build the new homes and communities the country needs.