House builders are being offered a share of a new £400 million government investment scheme, to help encourage the building of new homes specifically for private rental. Now for the first time, the government is offering support for developers and investors looking to move into the private rental market.
Housing Minister, Mark Prisk recently said this new ‘Build to Rent’ scheme, will encourage people to invest in the untapped private rental market and offer a better choice and quality of homes for those looking to rent a home. Whilst acknowledging the housing market was “turning the corner” he said: “I want to go further, which is why I’m inviting bids for a share of up to half a billion pounds to help build a bigger, better private rented sector.”
