Vistry awarded £350m by Government to provide more than 3,000 affordable homes

Housebuilder Vistry has been awarded the maximum £350m through the Government's £39bn Social and Affordable Homes Programme (SAHP) to provide more than 3,000 homes across England.

The group says it has "identified immediate opportunities" to deploy the funding within the current year.

It will also work alongside the programme's other strategic partners, mayoral authorities and councils as part of the initial £9.58bn of SAHP allocations.

Adam Daniels, chief executive of Vistry, said: "Vistry has received direct grant funding awards under successive affordable homes programmes for nearly 20 years, and this award reflects our established track record and commitment to delivering much needed affordable homes in collaboration with Homes England and our partner providers.

"We are delighted that Homes England has made this significant announcement that will create over 73,000 new homes and provide Vistry, its partners and the wider sector with a much-needed stimulus.

"We already operate in all of the Established Mayoral Strategic Authorities and have established relationships with 29 of the 32 other strategic partners announced this morning.

"We look forward to continuing to work with councils and Homes England to meet local ambitions to increase housing supply at pace."