Strategic Partnership with Homes England

RNS Number : 5614K

Vistry Group PLC

02 September 2021

 

2 September 2021

Vistry Partnerships secures Homes England Strategic Partnership status

£83m 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 £83m 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 GroupPLC Earl Sibley, Chief Financial Officer Susie Bell, Head ofInvestor Relations Powerscourt Justin Griffiths, Nick Dibden, Victoria Heslop

01675 437160 020 7250 1446 [e-mail]

 

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