Connected partnership gains almost £30 million development funding allocation

The Connected Partnership: Shepherds Bush Housing Group, Octavia Housing & Care and the Origin Group, will receive a bumper allocation of £29,795,800 as well as £11 million as a reserve allocation from the Housing Corporation's first £3.3 billion investment allocation round for 2008-11.

This is the beginning of the largest investment programme in the Housing Corporation's history. The £8.4 billion NAHP 2008-11 programme will provide at least 155,000 new affordable homes in the next three years, almost double the number of affordable homes compared to 2006-08. More than 100,000 of these will be for affordable rent, and more than 50,000 for affordable sale through the Government's HomeBuy initiatives.

Our grant was the sixth highest in London and 21st highest allocation in the country. The Development Teams across the three businesses worked tirelessly on our combined application and have been hugely successful in reaping real results.

Paula Fance, SBHG's Director of Development & Sales, said: "My team, and their colleagues at Origin and Octavia have worked extremely hard to submit the best possible bid to the Housing Corporation. I am delighted that the Connected partnership is going from strength-to-strength and this allocation supports our combined belief that our radical approach to development really does work. We look forward to creating many more homes across West London where people want to live."