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Vistry Group, one of the UK’s biggest housebuilders, has bagged a grant of £350m under the government’s £39bn social and affordable homes programme, to build more than 3,000 homes.
The news sent its shares soaring, up nearly 17%, catapulting the company to the top of the FTSE 250 index.
Vistry has received direct grant funding awards under successive affordable homes programmes for nearly 20 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.
