| answer text |
<p>The fund will make investments over two years from 2015/16 to 2016/17. The funds
must be drawn down by 31 March 2017.<br><br>The shortlisted bids to the Builders Finance
Fund are currently undergoing due diligence and have the ability to deliver over 10,000
new homes. We have recently expanded the scope of the fund to enable smaller builders
with schemes between 5 and 15 units to access this funding and the Homes and Communities
Agency are currently engaging with the market to seek further bids for such schemes.
The first contracts are due to be completed in the Spring with the first homes expected
to be started in the first half of 2015.</p>
|
 |
