Maslow Capital has launched a Brownfield Remediation Funding Programme in partnership with Homes England to unlock underutilised land for sustainable housing development.
The initiative aligns with the government’s ‘brownfield-first’ strategy and prioritises the regeneration of previously developed land to increase housing supply.
The programme is inviting applications from developers seeking financial support for brownfield remediation projects, including activities such as the demolition of derelict structures, remediation of contaminated soils, ground stabilisation, treatment of groundwater and the stabilisation and management of ground gas.
The programme will be led by Maslow Capital’s lending solutions division and is part of the lender’s comprehensive financing suite, which includes bridging and development finance.
Adam Baghdadi, head of lending solutions (UK & Europe) at Maslow Capital, said: “This programme is a prime example of how the public and private sectors can collaborate to tackle the UK’s housing shortage, unlocking complex sites and accelerating the delivery of new homes. Historically, private developers have faced significant challenges in redeveloping brownfield sites due to high cleanup costs and unforeseen geotechnical issues, which can escalate project costs.
“Through its commitment to driving regeneration, Homes England has been instrumental in overcoming these barriers and unlocking opportunities that might otherwise remain undeveloped. Partnering with a government body enables us to deliver a structured funding solution with real impact – one that will not only accelerate the delivery of much-needed, high-quality homes, but also stimulate local economies.”
Nigel Barclay, director of loans at Homes England, added: “This programme is a perfect example of how we are working with the private sector to empower housebuilders and promote a more diverse and resilient housing market, while Maslow Capital’s expertise will help to accelerate brownfield regeneration and build new homes where they are needed most.”
“Small and medium-sized housebuilders are critical to delivering new homes, yet they often struggle to access the funding needed to unlock complex sites. The programme aims to address that issue and help to bring forward projects that serve as a blueprint for sustainable development by transforming underused land into new, thriving communities.”
