Funding Sources
Funding streams are varied and ever changing. Your project will require different solutions depending on its stage(s). Not all funding pots are relevant for small schemes, but here on this page are a few that are.
If your project has an element of Community-Led involvement for affordable homes inclusive, then your group may be eligible to apply for CLH grant and loan support as well.
Conventional Small Scheme Funding:
Shared Ownership and Affordable Homes Programme.
You will need to be, or be working with, a qualified Investment Partner of Homes England (by the time the grant is drawn down). Organisations that are IPHEs are also generally Registered Providers (RP).
The next round of the Affordable Homes Programme (2021-2026) is open for applications. The funding is for the supply of new-build affordable housing and can also be used to bring existing empty homes back into use. Funding is to support the capital costs of developing affordable housing for rent or sale.
Home Building Fund
The Home Building Fund is a flexible source of funding administered by Homes England on behalf of the government. It provides two types of finance, tailored to your circumstances– Infrastructure or Development Loans.
Find out more and apply here
Infrastructure loans–
(Infrastructure projects must ultimately lead to the development of new housing.)
- to prepare the land/site for the infrastructure needed for housing to progress
- to be taken out over 20 years
- to be drawn down to 31 March 2025
Development loans–
- for meeting the development costs of building homes for sale or rent
- to be taken out over 5 years
- to be drawn down to 31 March 2023
Community-Led Housing Funding:
Homes in Community Hands Programme
The Homes in Community Hands programme provides support and grants to help you progress projects to build or refurbish affordable homes. Their funding is focussed in 5 main locations; Leeds City Region, Liverpool City Region, West of England, Tees Valley City Region and West Midlands but other areas of the country with innovative ideas can be considered.
https://www.powertochange.org.uk/wp-content/uploads/2021/07/PtC_Homes_in_Community_Hands_050721_FA.pdf
National Lottery Awards for All
National Lottery’s ‘Awards for All’ funds community-led projects that will make a real difference to an area. This grant is for projects that bring people together and build and improve community relationships, spaces that matter to them and/or help people fulfil their potential in community. It can be used for staff costs, events, equipment, training or volunteer expenses.
Groundwork
On behalf of Comic Relief in England, Groundwork will provide grants of up to £10,000 for supporting project delivery and organisational capacity building. These grants support community-led organisations with an income of less than £250,000 to deliver projects.
HASTOE
The Hastoe Community Grant fund offers up to £250 to help deliver community-based projects that will benefit Hastoe residents and their local communities. Particularly welcome are applications committed to sustainable activities in the wider community and does not provide funding for improvements to our estates or gardens.
https://www.hastoe.com/help-advice/getting-involved/apply-for-our-community-grant/
Funding for Housing is facilitated through the following Organisations:
Homes England and The Department of Levelling Up, Housing and Communities:
https://www.gov.uk/government/organisations/homes-england
https://www.gov.uk/government/organisations/department-for-levelling-up-housing-and-communities
Community Led Homes: https://www.communityledhomes.org.uk/
Middlemarch, DCHH’s CLH partner: https://middlemarchclh.co.uk/
Community Land Trust Network: https://www.communitylandtrusts.org.uk/
UK Cohousing Network: https://cohousing.org.uk/
Power to Change: https://www.powertochange.org.uk/
Locality: https://locality.org.uk/