Barratt Developments PLC has entered into a joint venture with Homes England and Lloyds Banking Group to create a MADE Partnership to help deliver thousands of much-needed new homes across the UK.

The MADE Partnership, comprising Barratt, Homes England, and Lloyds Banking Group, will act as the master developer for residential-led projects ranging from 1,000 to 10,000 homes. Initially backed by GBP 150 million (US$ 196 million) in equity shared equally by the partners, the developments will likely include large brownfield areas and new garden village-style communities. These schemes will also incorporate employment land and community facilities. Specific sites have not yet been confirmed. 

The partnership brings together the essential skills, expertise and long-term approach, with the ability to unlock and scale the capital required to bring larger sites into production, enabling both major and SME homebuilders to build the new homes and communities the country needs.