Our CEO Paul Campbell took to the stage at the inaugural National Housing Bank Investment Summit in London yesterday.
Paul was among industry leaders invited to showcase how the National Housing Bank, the new public finance institution and subsidiary of Homes England, will work to accelerate housing and regeneration delivery and investment across England. Managing up to £16bn of government backed investment over 10 years, the Bank provides a range of debt, equity and guarantee products designed to derisk projects, unlock private investment and support delivery at scale.
Paul was a panellist on the session ‘Delivery on the ground and in places – Placemaking and regeneration’, joining fellow experts David Cleary of Lloyds; Alison Crofton of Homes England; Andrew McIntosh of Greater Manchester Combined Authority; Jennifer Murray of Homes England; Ben Pile; Tom Wilmot of Capital + Centric and facilitator Tom de Pass of Homes England.
Paul said: “Last month Richborough became the first land promoter – and one of the first partners – to agree a multi-million-pound debt facility with Homes England’s new National Housing Bank, recognising our delivery capability as the Government strives to deliver 1.5 million homes this Parliament.
“I was pleased to attend yesterday’s conference to discuss the exciting potential of the National Housing Bank, and the important role of placemaking and regeneration in maximising housing delivery and tackling the housing crisis. I explained how the shortening the timescale for granting planning application is essential to enable redeployment of capital into new planning applications and the role that Richborough, and the land promotion sector more widely, play in solving the outlet crisis that will ultimately drive greater volume of homes being delivered”
Richborough is using our National Housing Bank flexible facility to fund our continued investment in new sites and planning applications across England, growing the supply of consented land for SMEs, housing associations, and major housebuilders to build much-needed new homes.
