Unlocking a new era of housing delivery: Why the national housing bank matters
25.06.25 3 min read
On 18th June 2025, the UK Government launched the National Housing Bank, a significant initiative aimed at accelerating housebuilding.
The Bank, which is a wholly owned subsidiary of Homes England, is backed by £16 billion in new public investment, in addition to £6 billion of existing finance allocated for this Parliament.
The funding is expected to unlock over £53 billion in private investment, facilitating the delivery of more than 500,000 new homes and creating jobs across the country.
Managing Director, Phil Mayall, shares his thoughts on the announcement, and why the National Housing Bank can help unlock a new era of housing delivery.
Phil Mayall
The Government’s launch of the National Housing Bank is more than a funding announcement. It’s a signal of intent – an opportunity to further transform the way we deliver homes and regeneration in partnership.
At Muse, we believe that great places are built on long-term partnerships. With people, with local authorities, with the public sector. We understand the strength of being able to bring a breadth of diverse, complimentary skillsets and perspectives to the table.
The creation of the National Housing Bank offers a new kind of relationship – one that further unlocks capital and ambition in equal measure – and can help us to deliver housing in areas of most need, at scale.
Housing is not just about the number of units. It’s about people, communities, and the infrastructure that binds them together. The National Housing Bank recognises that long-term placemaking and long-term investment go hand in hand. It has the tools to de-risk large, complex sites and the flexibility and financial patience to see them through. It brings the stability and certainty that housing developers and investors need to make delivery happen.
With over £16 billion in new public investment – and the potential to unlock more than £53 billion in private capital – this is scale with purpose.
We’ve worked alongside local authorities battling infrastructure deficits. We know the barriers faced by small and medium-sized developers. We’ve seen schemes falter not through lack of vision, but because the right kind of finance wasn’t there.
The National Housing Bank changes that. Its bespoke lending products and focus on regeneration mean new players can emerge and grow. At the same time, strong existing partnerships can scale, such as through ECF, our partnership with L&G and Homes England, and Habiko, with PIC and Homes England.
Timekeepers Square, Salford
This is the kind of certainty the sector needs. The Bank’s structure allows it to act swiftly and strategically, bridging the gap between policy and delivery. It’s a long-term partner, not just a line of credit.
And when place-making is your priority, delivery matters. The quicker we unlock brownfield land and complex opportunities, the sooner we create homes, communities, and sustainable futures.
We don’t build homes in isolation; we build with a long-term vision. The future of UK housing will be shaped by collaboration – across sectors, across disciplines, and across political cycles.
The National Housing Bank gives us a chance to align our ambitions and the foundation to think bigger, plan smarter, and act together.
At Muse, we welcome this commitment to lasting impact. We look forward to working with the Bank, Homes England, and our public and private partners across the country to shape places people are proud to call home.