---
title: "Homes England - New Equity Product"
ocid: "ocds-b5fd17-fd599cab-d506-440e-8870-ff6c756f8f8c"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-fd599cab-d506-440e-8870-ff6c756f8f8c"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-fd599cab-d506-440e-8870-ff6c756f8f8c.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-fd599cab-d506-440e-8870-ff6c756f8f8c.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)"
published: "2023-03-03"
---

# Homes England - New Equity Product

Buyer: HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)  
Current stage: Award  
OCID: ocds-b5fd17-fd599cab-d506-440e-8870-ff6c756f8f8c

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-fd599cab-d506-440e-8870-ff6c756f8f8c)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-fd599cab-d506-440e-8870-ff6c756f8f8c.json)

## Summary

Homes England has awarded a contract for their New Equity Product under the Levelling Up Home Building Fund. The procurement method used was a direct award, with a contract value of £50,000 GBP. The contract period runs from 7th February 2023 to 31st March 2023, aiming to address financial challenges in the homebuilding market. The award was given to Avison Young (UK) Ltd, and the buying organisation is based in Newcastle upon Tyne, England.

This tender by Homes England offers an opportunity for business growth specifically in research and development services and related consultancy services. Small and medium-sized enterprises (SMEs) as well as voluntary, community, and social enterprises (VCSEs) are suitable to compete for this contract. The direct award method provides a streamlined process, and businesses interested in addressing financial challenges in the homebuilding market should consider participating in this opportunity.

## Notice

The Levelling Up Home Building Fund (LUHBF) was approved as part of the Spending Review 2021 (SR21) process. Since then there has been a significant change in wider macroeconomic conditions as well as specifically in the homebuilding market. Homes England would like to consider a potential New Equity Product (NEP), that would seek to address issues hampering the delivery of schemes due to the temporary dislocation of the financial markets late last year. Homes England would like to test the potential for a NEP amongst the basket of interventions within LUHBF. Initially the purpose is to understand the financial implications of the quantum and characteristics of a NEP within the overall metrics of the LUHBF model supporting the SR21 FBC. Direct award via Homes Englands Property Panel.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/7bfe570f-013f-4695-b729-91b0ae4b588c |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Direct award |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 3 Mar 2023 |
| Submission deadline | 31 Jan 2023 |
| Future notice date | Not specified |
| Award date | 1 Feb 2023 |
| Contract period | 7 Feb 2023 - 31 Mar 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £50,000 |
| Lots value | Not specified |
| Awards value | £50,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY) |
| Locality | NEWCASTLE UPON TYNE |
| Post town | Newcastle upon Tyne |
| Postcode | NE4 5BZ |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear |
| ITL 3 | TLC43 Tyneside |
| Local authority | Newcastle upon Tyne |
| Electoral ward | Arthur's Hill |
| Westminster constituency | Newcastle upon Tyne Central and West |
| Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | AVISON YOUNG (UK |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73000000 - Research and development services and related consultancy services

## Release History

- 3 Mar 2023 at 14:06 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/7bfe570f-013f-4695-b729-91b0ae4b588c

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/7bfe570f-013f-4695-b729-91b0ae4b588c
  3rd March 2023 - Awarded contract notice on Contracts Finder

## Notice URLs

- https://www.gov.uk/government/organisations/homes-england

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-fd599cab-d506-440e-8870-ff6c756f8f8c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-fd599cab-d506-440e-8870-ff6c756f8f8c.json.