A prospectus for the Custom Build Serviced Plots Load Fund was published by the government in June 2014. It sets out the detail of how to access the £150 million fund which is designed to fund the development of serviced plots to support the growing number of people who want to custom build their own home.
The funding will be on the basis of a fully recoverable loan to bring forward sites of 5 or more serviced plots and will be managed by the Homes and Communities Agency (HCA). The government finance will be in the form of a loan offered with an appropriate interest rate with an agreed ‘long stop’ date by which all the funding must be repaid.
The prospectus and information on how to bid is available on GOV.uk.