Monday, September 9, 2024 In an ambitious move aimed at tackling the UK’s housing shortage, Barratt Developments, one of the nation’s largest housebuilders, has teamed up with Lloyds Banking Group and the government body Homes England to form a new joint venture known as the Made Partnership. The collaboration seeks to deliver tens of thousands of new homes across the country, focusing on large-scale projects such as brownfield site redevelopment and the creation of new garden village-style communities. This strategic alliance is expected to not only address the country’s housing needs but also contribute to boosting local economies and tourism infrastructure in various regions.
The Made Partnership is expected to deliver between 1,000 and over 10,000 homes at individual development sites, which will also include community facilities and areas dedicated to employment uses. Barratt, along with Homes England and Lloyds, aims to transform brownfield sites into vibrant communities that will appeal to both residents and visitors. By integrating sustainable and well-planned infrastructure, the joint venture will enhance local areas, potentially making them attractive spots for both tourism and commerce.
These new communities will align with the government’s wider goal of building 1.5 million homes by 2029, a target that will require substantial investment and an increase in output from the housebuilding sector. Barratt and its partners will initially back the Made Partnersh.