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<p>The Government fully recognises the important role small and medium sized house
builders (SME) play in delivering much needed housing in this country. We have already
put in place a number of initiatives to help SME builders overcome barriers, specifically
access to finance through the provision of the £4.5 billion Home Building Fund. £2.5
billion of which provides short term loans to SME housebuilders, custom builders and
innovators. £110 million of that funding has been used to set up The Housing Growth
Partnership. <br> <br>Launched in 2015, this is a £220 million partnership between
Lloyds Bank and Homes England and is supporting the growth of SME house builders and
expansion in the UK housing stock. It will deliver 3,400 homes. In addition, the Home
Building Fund has also provided £125 million for the the Housing Delivery Fund launched
by Barclays Bank and Homes England, in September 2018. The £1 billion development
finance Fund will help build thousands of new homes across England. Of the £1 billion
fund, Barclays is providing £875 million. <br> <br>A key priority of The Housing Delivery
Fund is to support small and medium sized businesses to develop homes for rent or
sale including social housing, retirement living and the private rented sector, whilst
also supporting innovation in the model of delivery such as brownfield land and urban
regeneration projects.</p><p>The Chancellor announced at Budget 2018 that the British
Business Bank will deliver a new scheme providing guarantees to support up to £1 billion
of lending to SME house builders. My Department and Homes England are currently working
with the British Business Bank to implement this scheme.</p>
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