Barratt's £150M Housing Venture With Lloyds, Homes England

Barratt Developments, Lloyds Banking Group, and Homes England have launched a £150 million joint venture named the MADE Partnership to support the UK government's goal of building 1.5 million homes over the next five years. The partnership will focus on large-scale, residential-led developments, including new garden villages and brownfield sites, ranging from 1,000 to over 10,000 homes. This initiative is backed equally by the partners and aims to address the UK's housing crisis by leveraging their combined expertise and resources. Key figures such as Angela Rayner, the Housing Secretary, and Prime Minister Keir Starmer are responsible for ensuring the target is met, with supportive policies like planning reforms and interest rate cuts also playing a crucial role. The partnership emphasizes a long-term approach to creating sustainable communities with necessary infrastructure and employment opportunities.