Need help reading this page? Click to activate Recite Me popup.

Lloyds Banking Group, central government and cities unite to unlock thousands of homes on small urban plots

 

Hundreds of forgotten plots of land will be turned into high-quality new homes under a new pilot scheme, announced by the government, and developed with cities through Lloyds Banking Group’s Social Housing Initiative.

Lloyds Banking Group
Published on: 30 May 2025
3 min read
  • Hundreds of disused brownfield sites to be transformed into new homes through a public-private partnership pilot
  • Bristol, Sheffield and Lewisham to lead the way, with a national rollout targeting 10,000 homes a year.
  • Innovative proposal was developed through Lloyds Banking Group’s Social Housing Initiative, bringing together councils, developers and private finance providers.


The Small Sites Aggregator will be piloted in Bristol, Sheffield and Lewisham. It aims to use an innovative public private partnership to tackle the commercial and planning barriers that have long held back small residential developments, particularly sites with room for under 100 homes.

By bundling together small, disused brownfield plots, the programme will create a stable pipeline of sites that can be planned, financed and delivered at scale. This will attract private capital, enable the use of Modern Methods of Construction, and support a steady flow of work for SME builders – helping to fast-track affordable and social housing while boosting local jobs.

Lloyds Banking Group will continue to work with government to develop detailed options for private financing structures - drawing on its experience, expertise, and insight to attract private capital and helping deliver the homes the country needs.

The government’s ambition is to scale the programme nationally, delivering over 10,000 homes a year by the end of this Parliament.

We strongly welcome the government’s announcement today that it will pilot the Small Sites Accelerator in Bristol, Sheffield and Lewisham. Through the Social Housing Initiative, we’re proud to have helped ignite this innovation in housing development and finance – unlocking the small, brownfield sites in our communities which are lying empty yet have immense potential to provide good quality homes in our towns and cities. This exciting partnership between the public and private sectors will increase investment at pace into the new, genuinely affordable homes that are needed across the UK.

Charlie Nunn CEO of Lloyds Banking Group

Search for press releases by year
 

2025 press releases