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| Source: | Contracts Finder |
| Notice Type: | Award notice |
| Buyer: | Homes England (the name adopted by the Homes and Communities Agency) |
| Main Category: | Services |
| Procurement Method: | Direct award |
| Tender Status: |
Pipeline status
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Application Deadline
31 January 2023
Closed
Estimated Value
£50,000
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| Estimated Value (ex. VAT): | £50,000 |
| Release Date: | 3 March 2023 |
| Application Deadline: | 31 January 2023 |
| Contract Start Date: | 7 February 2023 |
| Contract End Date: | 31 March 2023 |
| Contract Duration: | 2 months |
| Procurement ID (OCID): | ocds-b5fd17-fd599cab-d506-440e-8870-ff6c756f8f8c |
| Notice Reference: | 7bfe570f-013f-4695-b729-91b0ae4b588c-621116 |
View Original Notice
Access the full notice on the official portal
Awarded to
| Award value: | £50,000 |
| Award decision date: | 1 February 2023 |
| Award status: | Active |
The Levelling Up Home Building Fund (LUHBF) was approved as part of the Spending Review 2021 (SR21) process. Since then there has been a significant change in wider macroeconomic conditions as well as specifically in the homebuilding market. Homes England would like to consider a potential New Equity Product (NEP), that would seek to address issues hampering the delivery of schemes due to the temporary dislocation of the financial markets late last year.\r \r Homes England would like to test the potential for a NEP amongst the basket of interventions within LUHBF. Initially the purpose is to understand the financial implications of the quantum and characteristics of a NEP within the overall metrics of the LUHBF model supporting the SR21 FBC.\r \r Direct award via Homes Englands Property Panel.
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