# Homes England - New Equity Product

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Homes England \(the name adopted by the Homes and Communities Agency\)](/buyers/homes-england-the-name-adopted-by-the-homes-and-communities-agency/contract-awards)
- Contract winner: [Avison Young \(UK\) Ltd](/contract-winners/avison-young-uk/public-sector-contract-awards)
- Award value: £50,000
- Tender value: £50,000
- Award date: 1 February 2023
- Published: 3 March 2023
- Contract start: 7 February 2023
- Contract end: 31 March 2023
- Stage: awarded
- Procurement category: services
- Notice ID: 7bfe570f-013f-4695-b729-91b0ae4b588c-621116
- OCID: ocds-b5fd17-fd599cab-d506-440e-8870-ff6c756f8f8c

## Description

The Levelling Up Home Building Fund \(LUHBF\) was approved as part of the Spending Review 2021 \(SR21\) process\. Since then there has been a significant change in wider macroeconomic conditions as well as specifically in the homebuilding market\. Homes England would like to consider a potential New Equity Product \(NEP\), that would seek to address issues hampering the delivery of schemes due to the temporary dislocation of the financial markets late last year\.\\r \\r Homes England would like to test the potential for a NEP amongst the basket of interventions within LUHBF\. Initially the purpose is to understand the financial implications of the quantum and characteristics of a NEP within the overall metrics of the LUHBF model supporting the SR21 FBC\.\\r \\r Direct award via Homes Englands Property Panel\.

## Related contract awards

- [Homes England - Cowling Farm - Legal Support New Lease](/contracts/ocds-b5fd17-aa95703a-072a-47e6-b09a-ccab90090b54): Homes England \(the name adopted by the Homes and Communities Agency\)
- [Homes England - Monitoring Surveyor - Whitman Builders Southern Ltd, Southampton](/contracts/ocds-b5fd17-3002fee5-fad9-4e6d-8dd5-b341f28ef5f4): Homes England \(the name adopted by the Homes and Communities Agency\)
- [Milton Keynes Socio Economic Study and Gap Analysis](/contracts/ocds-b5fd17-37c52fa9-7717-46bb-954a-2939771e5dc4): Homes England \(the name adopted by the Homes and Communities Agency\)
- [Monitoring Surveyor - Multiple Sites, South West England](/contracts/ocds-b5fd17-0040b48f-353c-42b2-8aa2-d0a1085de7b7): Homes England \(the name adopted by the Homes and Communities Agency\)
- [ICH - Cost Management services](/contracts/ocds-b5fd17-0bc9b369-99ce-4a9c-af90-285c49ce8c87): Imperial College Healthcare NHS Trust
- [Business Rates Consultancy](/contracts/ocds-b5fd17-0d5a13b1-5a46-420b-b404-af95d114ee94): Sussex Partnership NHS Foundation Trust

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/7bfe570f-013f-4695-b729-91b0ae4b588c-621116)