The Homes England NEYTH team would like to say a huge thank you for all your hard work to achieve such a fantastic result for 17/18. From a position of being significantly under programmed in September 17, working closely with our RP partners, we ended up in a position where we could have exceeded our investment target. This was the result of our teams working closely together to shape investment proposals and using flexibilities to unlock stalled opportunities. In the NEYTH we exceeded both our starts and completions targets. This is a great result and sets us up for an even greater delivery challenge this year. Now that we have proven and demonstrated that the North can deliver, we need to continue to build on this momentum and success.
The Shared Ownership and Affordable Homes Programme is still open for new bids through continuous market engagement – funding is available for a range of tenures until 2021. We have continued with our flexible approach for 18/19 and beyond – using our land, collaboration, working with our partners to deliver more and encouraging new entrants into the programme. We also now have the ability to make acquisition tranche payments, for which we are currently seeking a future pipeline of sites for 18/19. The NEYTH team continue to use local delegations which means that we can speed up decision making, we ask in return that you speak to your contract managers and Homes England contacts at the earliest possible opportunity to discuss and help shape your programme needs, ambitions and new schemes.
The sector now has certainty over rental income, increased funding to £9bn and reclassification – now we must continue to perform and to increase our own ambition for the North. The challenge is massive but working together we can grasp this opportunity.
For further information, please contact Victoria Keen, Strategy and Information Manager, North East, Yorkshire and The Humber. Tel: 0191 497 7619 | Ext: 7619.