Finance

Housing associations Karbon and Thirteen get major funding boost


More than 5,000 new homes will be built in the region after two North East housing organisations were awarded more than £300m in public backing.

Newcastle’s Karbon Homes has been named as a strategic partner by Homes England, which will provide £131.5m in funding to deliver 2,200 new affordable homes in the North East and Yorkshire over the next few years.

Meanwhile, Middlesbrough’s Thirteen housing has received £191.3m to build 3,270 properties.

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The two housing associates are among 35 organisations to receive grants from Homes England to build a mixture of affordable homes, specialist properties for people with additional needs and houses for first-time buyers.

As part of its agreement, Karbon has pledged to use modern methods of construction on a quarter of the new homes and has committed to building at least 220 properties in rural areas.

Karbon chief executive Paul Fiddaman said: “We’re delighted to be entering into this strategic partnership which will enable us to provide additional affordable homes across the North East and Yorkshire.

“We have a strong track record of delivering good quality, affordable homes and this will enable us to continue to grow our housebuilding programme and to deliver a wide range of homes, for a range of tenures, that will meet customer needs and strengthen local communities.”

Thirteen’s chief executive Ian Wardle said: “We’re absolutely delighted to have been announced as a strategic partner of Homes England.

“This funding allows us to build on our ambitious development programme across the North East, Yorkshire and the Humber. It’s our largest ever single award grant and will allow us to provide a further 3,270 much needed affordable homes. It will help us transform communities by delivering high quality, green homes and much more for our customers.

“It will also mean we can play an even greater role in addressing the current housing crisis.”

Nationally, Homes England’s new strategic partners will deliver nearly 90,000 grant-funded affordable new homes over the next five years.

Under the Affordable Homes Programme 2021-26, the Government body is committing almost £5.2bn in affordable housing grant to 31 strategic partnerships with 35 organisations.

Peter Denton, chief executive officer at Homes England, said: “These strategic partnerships give our new partners the funding, flexibility, and confidence they need to build much needed affordable homes across the country, it also establishes a large network of organisations looking to share their skills and capabilities to expand the affordable housing sector and transform communities.

“By forming strategic partnerships with a wide range of public and private organisations, we are creating the conditions needed for institutional investment to catalyse affordable housing supply and in future give local authorities more of the tools they need to plan and act strategically, shaping their communities and building new homes.”

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