In an effort to address the UK’s growing housing crisis, Barratt Developments PLC has teamed up with Homes England and Lloyds Banking Group to launch MADE Partnership, a new initiative aimed at accelerating the delivery of large-scale housing projects across the country.
MADE Partnership will act as the master developer for residential-led developments ranging from 1,000 to over 10,000 homes. These projects will not only focus on providing much-needed housing but will also incorporate community facilities and employment spaces. Developments will target both brownfield sites and newly established garden village-style communities.
The initiative brings together three key players in the UK housing sector: Barratt, the country’s largest housebuilder; Homes England, the government agency responsible for housing and regeneration; and Lloyds Banking Group, a major financer in the housing sector. Together, they are committing an initial funding pool of up to £150 million to jumpstart these projects.
Housing and Planning Minister Matthew Pennycook welcomed the new venture, stating, “This landmark partnership will support our efforts to ramp up housing supply and stimulate economic growth by delivering large-scale, attractive, and sustainable places across the country.”
David Thomas, Chief Executive of Barratt Developments, said the MADE Partnership will be crucial in reaching the UK’s housing goals, describing it as a “master developer” initiative that can deliver housing at scale while focusing on infrastructure and placemaking.
Peter Denton, Chief Executive of Homes England, highlighted the potential for vibrant, diverse communities through this collaboration, while Charlie Nunn, Chief Executive of Lloyds Banking Group, referred to the partnership as a “cross-sector collaboration with the scale and ambition required.
The MADE Partnership aims to unlock housing development in key locations, offering capital to bring larger projects into production and involving both large and small homebuilders to meet the country’s housing demands.
