Vistry secures £50 government grant

(Sharecast News) - Vistry Group has secured a key grant from Homes England, the homebuilder confirmed on Thursday. The FTSE 250 builder said it had received an additional grant award of £50m from the government's housing and regeneration agency.

The money will be used to support the delivery of a "number" of affordable housing schemes in the current financial year, Vistry added.

Greg Fitzgerald, chief executive, said: "The significant investment underlines the group's ongoing commitment to deliver high-quality, sustainable homes [and] support the government's ambitions to increase housing supply at pace."

A designated strategic partner, Vistry has now secured a total of £252m under the government's 2021-2026 Affordable Homes Programme, contributing to the delivery of 3,500 new homes across the UK.

The latest award is part of the £2bn of additional grant funding announced by the chancellor in the March spending review.