Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Housing, Communities and Local Government, what estimate he has made of the value of live portfolios with committed guarantees under the ENABLE Build programme.
ENABLE Build is a £1 billion extension of a the pre-existing BEIS-led ENABLE Guarantee programme. It was launched in April 2019 with the primary objective of increasing the availability of debt finance for SME housebuilders, following the initial success of the ENABLE Guarantee programme - which is currently supporting three SME housebuilder transactions.
A number of transactions were, and continue to be, under consideration for the programme but some of these were curtailed by the onset of Covid-19. Activity is resuming and, while there are currently no lenders accredited (and therefore no associated portfolio value) under the new ENABLE Build Programme, it is our expectation that SMEs will have access to ENABLE Build-backed lending shortly.