Published by Global Banking & Finance Review®
Posted on June 11, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleThe UK government plans to boost housing development by attracting private investment, offering financial support to meet housebuilding targets.
LONDON (Reuters) -The British government said on Wednesday it would seek to draw in further private capital for, among other things, promoting housebuilding in England, by offering equity investments, loans and guarantees.
As part of finance minister Rachel Reeves' multi-year spending review, the government said it would offer guarantees and other support that would enable 9.6 billion pounds of extra finance.
Of that, 4.8 billion pounds ($6.50 billion) would be allocated to build more homes in England.
Reeves also confirmed a 39 billion-pound 10-year programme to build lower-cost housing, announced on Tuesday, that nearly doubled the annual spending on affordable housing, which it hopes will bring it closer to its housebuilding target.
($1 = 0.7382 pounds)
(Reporting by Suban Abdulla; Editing by Kate Holton and David Milliken)
The UK government is offering 9.6 billion pounds of extra finance as part of its multi-year spending review.
Of the total finance, 4.8 billion pounds is allocated to build more homes in England.
The government confirmed a 39 billion-pound 10-year program aimed at building lower-cost housing.
The finance minister overseeing this initiative is Rachel Reeves.
The government hopes to nearly double the annual spending on affordable housing, promoting increased housebuilding in England.
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