Independent land promoter Richborough has secured a multi-million-pound deal in one of the first funding commitments from Homes England’s newly established National Housing Bank (NHB).
Richborough site in Harrogate delivered by Redrow
The flexible debt facility will fund Richborough’s investment in new sites across England and accelerate its planning application activity.
It will also increase the firm’s supply of consented land for SMEs, housing associations and major housebuilders across England.
A spokesperson for the firm said that the facility is worth tens of millions pounds and is expected to “accelerate the delivery of consented land, equating to over 26,000 homes by 2030, with a gross development value of over £8bn.”
They added that Richborough plans to submit more than 30 applications for schemes totalling 12,500 homes this year.
The deal is one of the first commitments made by Homes England’s newly established National Housing Bank, the government’s portal for supporting long-term placemaking and housing development.
Simon Century, chief executive officer for the National Housing Bank, said: “Homes England works with partners who share our ambition to accelerate the delivery of quality homes in the places they are needed most.
“Our loan with Richborough, supported through the National Housing Bank, demonstrates our commitment to enabling housing delivery where it can have the greatest impact.”
Richborough chief executive officer Paul Campbell added: “We are delighted to partner with Homes England to scale Richborough’s impact for housing delivery. Decision times for major planning applications are taking three times longer now than in 2014 and against this backdrop, flexible long‑term capital is essential.
“This facility gives us the confidence to invest earlier in more sites, maintain momentum through the planning process and bring forward high‑quality, well‑designed schemes that can be built quickly once consented.”
In 2025, Richborough submitted applications for around 9,000 homes and completed sales to housebuilders including Barratt Redrow, Bellway, Bromford, Charles Church, Vistry Group and Taylor Wimpey.
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