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Kickstart Round 2
This page of the website is intended to provide information for bidders shortlisted under Round 2 of Kickstart about the due diligence process.
Kickstart housing delivery Round 2 documents:
- Approved schemes announced on 31 March 2010
- Approved schemes announced on 8 March 2010
- Unlocking Stalled Sites - Round Two Guidance - PDF (234 KB)
- Shortlisted schemes by region - PDF (27 KB)
- Additional shortlisted schemes - PDF (7.76KB)
- HCA's review of Kickstart round 1 - PDF (75 KB)
Due diligence
HCA has written to every organisation that submitted an expression of interest under Kickstart Round 2 informing them whether or not their project has been shortlisted, placed on the reserve list or not taken forward.
Those projects which have been shortlisted will go through the due diligence process which is intended to check evidence, test assumptions, review programme and deliverability, ensure funding is the minimum necessary and of the most appropriate form, consider the market, design, value for money and risk.
The reserve list will be drawn upon if shortlisted schemes are unsuccessful in due diligence or if Round 1 schemes fail to go ahead.
Shortlisted projects with HomeBuy Direct only or HomeBuy Direct plus NAHP are required to return information to HCA by 13 January.
The due diligence pack for HDB only schemes - Word (108 KB)
The due diligence pack for HBD plus NAHP schemes - Word (119 KB)
Shortlisted projects which include loan, equity or gap funding (including in combination with HBD and / or NAHP) are required to return information to HCA by 27 January.
The due diligence pack for Investment Support projects:
- Guidance - PDF (48 KB)
- Core project - Word (120 KB)
- Finance - Word (38 KB)
- Pack design - Word (79 KB)
Due diligence returns must be submitted via the Kickstart Extranet. Bidders can access the Kickstart Extranet.
To obtain a username/password please email KHDExtranet@hca.gsx.gov.uk
Gap funding projects
The framework for assumptions to be used in the appraisal of gap funding projects is available. Read more here.
Design
An example of how the planning, location and design information submitted will be used to inform the Building for Life assessment.
Building for Life assessment - PDF (20 KB)
Monthly cashflow
Shortlisted projects which include loan, equity or gap funding (including in combination with HBD and / or NAHP) are required to complete the standard monthly cashflow. (Please refer to the detailed guidance when completing the cashflow)
Cashflow clinics are being held at the times and locations set out below.
Please note these are working sessions. It is not intended that there will be any form of presentation rather it is a drop in session to work through any detailed points on the cashflow.
| London | 10.30am and 2pm | 7 January |
| Birmingham | 10.30am | 12 January |
| Bristol | 10.30am | 13 January |
| Leeds | 2.30pm | 14 January |
| Warrington | 10.30am | 15 January |
| London | 1.00pm and 3.30pm | 18 January |
Please email KHDcompetition2@hca.gsx.gov.uk if you would like to attend.
Pre-Qualification
Those shortlisted organisations which are not pre-qualified under the HCA’s NAHP Pre-Qualification, should commence the pre-qualification process now. Information is contained in the ZIP file below.
Kickstart PQQ documents - ZIP (130 KB)
Kickstart HomeBuy Direct
Successful bidders for HomeBuy Direct will be required to hold a current Consumer Credit Act (CCA) licence and obtain a S.60 (3) Direction from the Office of Fair Trading.
The attachments provide guidance to bidders who do not already have those.
- Explanatory note - PDF (36 KB)
- OFT application forms - Word (133 KB) with main questions pre-filled with respect to HomeBuy Direct
- HomeBuy Direct Buyers information sheet - PDF (70 KB) to be enclosed with the application form to OFT
- HomeBuy Direct developer equity mortgage - PDF (175 KB) to be sent with the form to OFT
Legal agreements
Drafts of the legal agreements for Kickstart are available below:
- NAHP Agreement - PDF (670 KB)
- Deed of Variation - PDF (157 KB) in relation to the NAHP Agreement
- Housing Gap Funding Agreement - Word (655 KB) (Updated 6 April 2010)
- HBD Agreement - Word (1.3 MB) (Updated 13 April 2010)
- Deed of Variation - Word (1.6 MB) (Updated 9 April 2010)
- Facility Agreement - Loan - Word (685 KB) (Updated 6 April 2010)
- Facility Agreement - Equity - Word (768 KB) (Updated 6 April 2010)
- Intercreditor Deed - Word (260 KB) (Updated 6 April 2010)
- Fixed Charge over Land - Word (188 KB)
- Grant funding claim form - Word (101 KB)
Additional information
- Gap funding and Equity Claw Back worked example - Word (150 KB) (Updated 7 October 2009)
- Projects seeking more information about HCA loans rates can download the Loan Interest Rates - PDF ( 26 KB)
Any queries should be sent to the competition email address:
KHDcompetition2@hca.gsx.gov.uk
Last updated: 13 April 2010