Barratt, Homes England and Lloyds Form Master Developer

CREATING A ‘master developer’, Barratt Developments PLC has entered into a joint venture with Homes England and Lloyds Banking Group.

Formed as MADE Partnership, the organisations will focus on the development of large sites.

It will lead multiple large scale, residential-led developments, from 1,000 – 10,000 homes.

The partnership will assemble sites, collaborate with stakeholders, manage planning, deliver primary and community infrastructure, and dispose of serviced parcels of land to developers.

Master Developer

The development opportunities will include large brownfield developments, as well as new garden village style communities.

The long-term partnership is initially backed by combined equity funding of up to £150m provided equally by the partners. It brings together the skills, expertise and a long-term approach, with the ability to unlock and scale the capital required to bring larger sites into production. It aims to enable both major and SME homebuilders to build new homes.

Housing and Planning Minister, Matthew Pennycook said: “A failure to ensure the development system is working properly has held back the delivery of tens of thousands of new homes over recent years and this Government will work in partnership with all those who are focused on turning things around.

“The landmark new partnership announced today will support our commitment to ramp up housing supply and boost economic growth.”

Competition Concerns

Barratt recently completed its acquisition of Redrow in a £2.5bn merger deal. The deal came under the scrutiny of the Competitions and Market Authority (CMA) after concerns it would limit competition at housing sites near Whitchurch, Shropshire. The decision by the CMA to accept the housebuilder’s proposals to address its concerns was made in August 2024.

That decision is separate to the CMA’s ongoing investigation into eight housebuilders – including Barratt and Redrow – over suspected sharing of competitively sensitive information.

CMA David Thomas, Chief Executive of Barratt Developments, said: “Through the MADE partnership, we are creating a master developer which can manage the infrastructure and placemaking that is needed to deliver at scale.”

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