Vistry Group PLC Strategic Partnership with Homes England (5614K)
02 Septiembre 2021 - 6:21AM
UK Regulatory
TIDMVTY
RNS Number : 5614K
Vistry Group PLC
02 September 2021
2 September 2021
Vistry Partnerships secures Homes England Strategic Partnership
status
GBP83m grant to deliver 1,474 affordable homes across the
country
Following the announcement by the Ministry for Housing,
Communities and Local Government of the Affordable Homes Programme,
Vistry Group is pleased to announce that Vistry Partnerships has
been selected as a strategic partner by Homes England, the only
listed developer to be included in the programme. Vistry
Partnerships has been allocated a five-year grant programme
totalling GBP83m to deliver 1,474 affordable homes across the
country. This supports our ambitious medium term growth plans for
Vistry Partnerships' higher margin mixed tenure revenues.
Of the 1,474 additional affordable homes, Vistry Partnerships
will build 25% of them via modern methods of construction, an
important commitment required by Homes England. Vistry Partnerships
has also committed to building 10% of the homes in rural areas,
with 40% delivered via brownfield sites.
The homes will be built in a full range of affordable tenures,
including Shared Ownership, Affordable Rent, Social Rent and Rent
to Buy.
Greg Fitzgerald, CEO of Vistry Group, said:
"I'm delighted that Vistry Partnerships has been selected for
this important strategic partnership, which is testament to our
longstanding relationship with Homes England, and to the quality of
the homes and communities which we develop. This partnership will
accelerate the delivery of much-needed affordable homes, and
further strengthen our ambitious growth plans for Vistry
Partnerships."
For further information please contact:
Vistry Group PLC 01675 437160
Earl Sibley, Chief Financial Officer 020 7250 1446
Susie Bell, Head of Investor Relations vistry@powerscourt-group.com
Powerscourt
Justin Griffiths, Nick Dibden, Victoria
Heslop
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