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The Guardian - UK
The Guardian - UK
Politics
Kalyeena Makortoff Banking correspondent

UK government links with Barratt and Lloyds for £150m housebuilding project

A builder assembles wooden roofing joists on a new home at a Barratt site
Barratt said last week that the Labour government’s planning reforms could boost activity across the housebuilding industry. Photograph: Bloomberg/Getty Images

Barratt and Lloyds Banking Group have launched a £150m joint venture with the government body Homes England that will lead to the UK’s largest housebuilder and mortgage provider capitalising on Labour’s plans to build 1.5m new homes.

The combined venture, known as the MADE Partnership, will oversee multiple large-scale projects, including town extensions, new garden village-style communities and brownfield developments, each made up of 1,000 to 100,000 homes and community facilities.

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