New National Housing Bank agreements totalling £35 million have been announced, with plans for around 2,500 homes.

The bank is a Homes England company.

The bank has now agreed purpose-led loan deals to unlock housing and regeneration for communities in Salford, Bromley and Ludlow. 

In Salford, a £14 million infrastructure loan to joint venture partners Scarborough Group and Metro Holdings, will fund site preparation, enabling and design works, to enable the delivery of up to 1,900 homes on brownfield land.

In Bromley, a £10 million infrastructure loan to Tikehau Capital will support the redevelopment of Walnuts Shopping Centre, including the creation of 440 homes.

In Ludlow, an £11 million development finance loan to the SME housebuilder, Pickstock Homes, will support the third phase of scheme development and the creation of nearly 90 homes.

Simon Century, Chief Executive Officer, National Housing Bank, said: "These deals demonstrate the breadth and diversity of the National Housing Bank’s offer and underline our appetite to work with investors, developers, home builders and places across the country.

"The speed of our work, as underlined by these deals in particular, is evidence that we will take effective, purpose-driven decisions quickly and proactively, acting as an enabler, not a barrier, to the market as we continue our work to deliver homes and regeneration across the country."