Vistry joins Homes England for JV

Homes England and Vistry Group have announced a new long-term joint venture to accelerate the delivery of large-scale housing developments across England.

The venture, named Hestia, will be backed by a combined £150 million of capital investment from Homes England and Vistry. Its focus will be on bringing forward major mixed-tenure communities at pace and scale, supporting the government’s ambition to deliver 1.5 million homes within the current parliament.

Hestia will target large sites capable of accommodating between 400 and 3,000 homes, with an emphasis on high-quality design, social and affordable housing provision, and the use of Modern Methods of Construction. The approach is intended not only to accelerate housing delivery but also to unlock vital supporting infrastructure for new communities.

The joint venture follows the extension of the £700 million Home Building Fund announced in December 2024 and comes ahead of the launch of the £16 billion National Housing Bank, expected to mobilise up to £59 billion of private sector investment in UK housing.

Government ministers emphasised that mobilising private capital alongside public funding will be key to achieving housing delivery targets, while also creating opportunities for SME housebuilders. As part of its strategy, Hestia intends to pilot the sale of de-risked land parcels to smaller developers to stimulate growth in the SME sector.

Vistry Group stated that the partnership demonstrates the benefits of aligning ambition with collaboration, while Homes England highlighted its role in unlocking strategic sites through joint working with the private sector. Both parties underscored that the initiative is designed to build not only new homes but sustainable, well-planned communities.

For the construction industry, the creation of Hestia signals a substantial pipeline of work in large-scale housing and regeneration projects. Opportunities will emerge across masterplanning, infrastructure delivery, modular and off-site construction, and affordable housing provision, with significant scope for supply chain involvement.

The venture marks another step in aligning government and private sector resources to deliver long-term regeneration at scale, with projects expected to play a central role in meeting the UK’s housing and growth ambitions.

Image: Vistry

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