Latest News | 27th June 2022

HGP fund expansion

HGP is pleased to announce an expansion of our investment ambition through a broadening of parameters and additional funding.  The new fund will run in parallel to the new SME fund launched at the end of 2021.

This is being done to allow HGP to play as significant a role as possible in supporting the UK’s diverse and evolving housing needs.  It will take a multi tenure approach whilst significantly extending the scale of what and who they can support.

HGP can now invest up to £30m of equity into any one single project and can commit up to £60m into multi site strategic partnerships with mid market housebuilders and developers.  The extended parameters also create the potential for HGP to support larger opportunities across all the living sectors including  regeneration, later living projects and Build to Rent market.

Last weeks announcement of the £80m joint venture with Kier Group is a great example of extended focus with HGP supporting an established housebuilder deliver on its growth plans across multiple mixed-use regeneration schemes.

Vic Hepburn, Head of Fund and CEO of HGP commented:

‘We are focussed on having a significantly greater impact and increasing the number and type of homes HGP can support.  In less certain times, this is also an opportunity to demonstrate our willingness to support the market through our partnership approach to investment.  Supporting great teams has been key to the fund’s achievements to date and that will continue to be central to our strategy’

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Ensuring an inclusive environment for our colleagues and communities

A key part of how we seek to deliver our purpose is to strive to create a fully inclusive environment for all our colleagues, partnerships and communities, one that is truly representative of modern-day Britain. Quite simply, a more inclusive society is a more prosperous society, and a diverse business is a better business. That means that we also speak up and act when something feels wrong – for example, we know it’s not enough to simply not be racist, we need to find ways where can be actively anti-racist by providing allyship to our partners and colleagues. We’re an anti-racist organisation and do not tolerate hate. We will take action against discrimination and inappropriate behaviour, whether racist, sexist, homophobic, transphobic or ableist, regardless of whether this happens in our offices, over the phone or online on our social media channels. Quite simply, we believe in doing the right the thing. We know we won’t always get things right ourselves, but we are committed to always striving to do better, for our colleagues, partners and communities.

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