Housing Minister Mark Prisk has invited bids for a share of
at least £400 million to build homes specifically for private rent. The funding
is part of the successful £1 billion Build to Rent fund, which for the first
time offers support for developers and investors looking to branch into the
private rental market. Mr Prisk said this new scheme, alongside up to £10
billion in government housing guarantees, will encourage people to invest in
this “untapped” private rental market - offering greater choice and quality of
homes for prospective tenants. One scheme has already been given the green
light, with work already started on that site. Read more on the Govuk website.
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