- Billions of pounds worth of funding will be delivered to support the government’s housing delivery target of 1.5 million new homes by 2029/30. The flagship funding programme is the Social and Affordable Homes Programme (2026-36). This will provide £39bn in grant subsidy, with a significant share (£18.7bn), expected to flow to England’s seven Established Mayoral Strategic Authorities.
- London, where the housing crisis is most acute, will see the highest share of allocation of up to £11.7bn of this subsidy.
- Other capital will be made available through multiple growth and investment programmes including Integrated Settlements and the Local Growth, City Densification and Housing Acceleration Funds.
- Complementing these place-based programmes will be the National Housing Bank (NHB) launched in April 2026 as a new subsidiary of Homes England. It will deploy up to £16bn in loans, equity and guarantees, with the ambition to unlock more than 500,000 homes and leverage over £53bn of private investment over the next decade.
- The National Housing Delivery Fund, launched in April 2026, brings together the NHB’s financial products with a £5bn grant funding arm for infrastructure and land. Early allocations include £322m to the Greater London Authority, and £234m to seven other newer Mayoral Combined Authorities.
Public funding landscape for English housing delivery
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Helen Collins
Principal & Managing Director, Midlands, Head of UK Living and Affordable Housing
Birmingham
Residential
+44 7974 157863
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