Daily News: 16/06/2025
Sovereign Network Group has secured £250m in funding from NatWest to support its goal of delivering over 25,000 homes in the next 10 years. Meanwhile, Notting Hill Genesis reported a 1% rise in turnover to £717m for FY 2024/25, driven by inflation-linked rent increases, though new home sale revenues fell 25% due to development phasing. Housing Executive, Notting Hill Genesis
Labour is “staking everything” on billions of pounds in investment to reverse the UK’s economic decline, with deputy leader Angela Rayner leading efforts to persuade housing associations to take on ambitious social housing projects. The Guardian
Hampshire County Council has launched a £150m minor works framework covering building fabric and M&E projects across the south of England. At the same time, 27 firms have secured spots on a new £500m public-sector modular framework spanning healthcare, education, residential and public buildings, structured into 18 new-build and three hire-and-lease lots. Construction Enquirer, Construction News (register)
More than 100 council homes in Grantham, Lincolnshire, have undergone £6m worth of renovations after asbestos was discovered, prompting significant remedial work by the local authority. In parallel, thousands of homes across Wigan borough have recently had solar power systems installed, reflecting a surge in local renewable energy upgrades. BBC, Wigan Today
High-end London builder Knight Harwood has reported a strong financial performance, lifting its operating margin to 4.9% as pre-tax profit rose to £8.6m on revenue of £140m for the year, with operating profit standing at £6.5m. Construction Enquirer
Survivors of the Grenfell Tower fire have expressed outrage that several officials involved in the tragedy are still working in housing roles eight years on, calling it “a slap in the face” and a sign that there have been “no consequences for decisions that cost lives”. The Guardian
Leeds City Council is consulting on plans to regenerate Elland Road with up to 2,000 homes and major investment. A controversial scheme for 530 homes near Stourbridge has drawn local criticism, a plan has been submitted for 500 homes next to London Oxford Airport, and over 100 homes could be built beside a cricket club in West Yorkshire. Leeds City Council, Express & Star, Oxford Mail, and BBC