Reduce text sizeIncrease text sizeDefault coloursImproved contrastHigh contrastThe £570m Get Britain Building programme was announced as part of the Government’s Housing Strategy for England in November 2011, and aims to unlock locally-backed stalled sites with planning permission and deliver up to 16,000 new homes.
A recoverable investment, the programme is intended to address difficulties in accessing development finance faced by some housebuilders, and to help bring forward marginal sites by sharing risk.
The first site, Cheesman's Green in Ashford, Kent, restarted in April 2012. You can also find out how sites are progressing at Bath Riverside, Carlisle Park in South Yorkshire, and at Heron's Reach near Oldham.
On 14 September the HCA published the shortlist of 105 projects, which are now being asssessed as part of a due diligence process looking at deliverability, value for money and fit with local priorities.
The due diligence pack for round two is below:
The main changes from the round one bidding process are:
The deadline to return completed due diligence has passed. The following information was available for prospective bidders:
If you have any queries relating to the programme or the documentation please email GetBritainBuilding@hca.gsi.gov.uk.
Please contact our operating area leads (listed below) if you have any queries relating to specific schemes or regions or wish to discuss the due diligence process.
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East and South East |
ese.gbb@hca.gsi.gov.uk |
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London |
lon.gbb@hca.gsi.gov.uk |
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Midlands |
mids.gbb@hca.gsi.gov.uk |
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North East, Yorkshire and The Humber |
neyh.gbb@hca.gsi.gov.uk |
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North West |
nw.gbb@hca.gsi.gov.uk |
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South and South West |
ssw.gbb@hca.gsi.gov.uk |
Under the first round of the programme, the shortlisted schemes are entering into contract once they conclude the thorough due diligence process. These schemes were also assessed by the HCA for value for money, deliverability and fit with local priorities.
All round one projects must be able to restart on site by December 2012, with all homes completed on site by December 2014.
The final list of successful schemes will be available at the end of the due diligence process.
Shortlisted bidders were sent details of the process for submitting due diligence submissions, which had to be completed and returned to the HCA.
We also provided information about the calculation of interest rates on loans. We published our standard Heads of Terms on 11 January 2012 and have now made available the contracts for loan, equity A and equity B which successful developers will sign up to.
We have also made available the following documents:
The HCA Partner Portal has been developed to enable external partners to provide the monthly monitoring return (MMR) information to the HCA directly via a secure online form.
The system provides a secure workspace for partners to complete their MMR submissions over a period of time. The new questionnaire format provides a greater level of control and simplicity and enables the HCA to provide clear instructions on completing the return and the type of information required. The online form will also identify which sections have not been fully completed and will not allow the MMR to be submitted until all relevant information has been entered.
Partners can log into the system at any time to access their workspace and the current or previous MMR submissions. Each partner will only have access to their own projects and related monthly returns. The HCA project managers will only have access to the completed MMR submissions for projects that they are responsible for.
Following the exchange of contracts, partners will be contacted by the HCA to set up registration details in order to access the portal.
Please see below for guidance on using the partner portal to submit monthly monitoring returns.
