SAHP Funding Award

Summary by AI BETAClose X

Vistry Group PLC has been reconfirmed as a Strategic Partner and secured a significant direct grant award of £350m under the government's £39bn Social and Affordable Homes Programme, enabling the delivery of over 3,000 affordable homes. This initial funding is substantially larger than the previous programme's first award, which totalled £278m for over 3,500 homes. Vistry plans to deploy its own grant funding immediately and partner with other strategic entities, leveraging existing relationships with 29 of the 32 announced strategic partners and operating within all referenced Mayoral Strategic Authorities.

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Vistry Group PLC
25 August 2026
 

 

 

25 August 2026

Vistry Group PLC

 Social and Affordable Homes Programme Funding Award

 

Vistry Group PLC ("Vistry" or the "Group") is pleased to announce that it has been reconfirmed as a Strategic Partner and secured a significant direct grant award under the first allocation of funding made available as part of the government's £39bn Social and Affordable Homes Programme (SAHP). The initial funding of £350m, the largest award possible in this phase, is significantly in excess of the first award received under the previous programme, and will enable the delivery of over 3,000 affordable homes, well ahead of what was possible under the first phase of the last programme.

 

The Group has an established pipeline and has identified immediate opportunities to deploy its own grant funding to deliver much needed affordable housing schemes within the current year. Alongside this, Vistry will deliver additional homes at pace by working in partnership with other Strategic Partners, Established Mayoral Strategic Authorities and Councils as they commit funding to their programmes as part of the initial £9.58bn of allocations. The Group already has longstanding relationships with 29 of the 32 other strategic partners announced this morning, and operates within all of the Mayoral Strategic Authorities referenced in the announcement.

Adam Daniels, Chief Executive said: "Vistry has received direct grant funding awards under successive affordable homes programmes for nearly twenty years, and this award reflects our established track record and commitment to delivering much needed affordable homes in collaboration with Homes England and our partner providers. We are delighted that Homes England has made this significant announcement that will create over 73,000 new homes and provide Vistry, its partners and the wider sector with a much-needed stimulus. We already operate in all of the Established Mayoral Strategic Authorities and have established relationships with 29 of the 32 other strategic partners announced this morning. We look forward to continuing to work with Councils and Homes England to meet local ambitions to increase housing supply at pace."    

Note: Vistry's total funding as a Strategic Partner under the 21-26 Affordable Homes Programme was £278m, enabling the delivery of over 3,500 additional affordable homes across the country. The initial funding award in 2021 was £83m.

 

 

For further information please contact:

Vistry Group PLC

Tim Lawlor, CFO

Kate Moy, Group Investor Relations Director

FTI Consulting

Bryn Woodward

 

020 3048 3393

 

 

020 3077 0505

 

 

Vistry Group PLC's legal entity identifier is 2138001KOWN7CG9SLK53.

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