Britain’s biggest housebuilder is teaming up with the country’s largest mortgage lender and the government’s housing agency to build thousands of homes.
Barratt Developments, Lloyds Banking Group and Homes England have each put £50 million into a joint venture called the MADE Partnership that will act as the master developer for large sites.
Such sites will have space for at least 1,000 homes and in some cases will be big enough to fit more than 10,000 homes. They could be an extension of an existing town, the redevelopment of brownfield sites or the creation of “new garden village-style communities”, MADE said.
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“A failure to ensure the development system is working properly has held back