Homes England has unveiled its new five-year strategy in a bid to boost economic growth and unlock land for 400,000 new homes.

With the government under increasing pressure to achieve its target of building 1.5 million homes by 2029, the agency’s 2025-30 strategy sets out six key objectives, including increasing housing supply and accelerating development across all tenures.

To achieve this, the agency said it would significantly increase the availability of land for housing by acquiring and preparing sites the market was unable to bring forward.

Homes England added that it would also support this objective by investing in new infrastructure and scaling up its support for SME developers.

Another objective is to increase social and affordable housing development through a £27bn grant from the Social and Affordable Homes Programme, and to deploy £16bn of debt, equity and guarantees via the newly created National Housing Bank.

Other key objectives are to unlock more institutional investment for housing and mixed-use schemes; to create a new partnership division; to create market conditions to support a dynamic, diverse and sustainable built environment; and ensuring all homes are safe, secure and decent through the Cladding Safety Scheme and the National Remediation System.

Homes England analysis shows these plans will allow the agency to support the development of 280,000 homes and unlock land for 400,000 new homes over the next five years.

Simon Century, chief investment officer at Homes England, said the agency has a “big focus around institutional investment”.

“In particular, galvanising global capital to be coming into the country, to really support all the various different tenures across the housing system,” he said.

“We have a very clear statement here from Homes England and the government that one of our absolute key objectives is to bring in institutional capital, is a very important sign. It’s a really important statement that we are open to global capital coming to into the system, because it is needed. If we’re going to deliver a vast increase in housing, we need long term capital.”

Homes England chief executive Amy Rees added: “Our team will work with focus, pride, dedication and skill in equal measure, alongside thousands of partners across the country, to accelerate the delivery of homes, infrastructure and places that communities want and need.

“Alongside our commitment to national expertise and the creation of a specialist National Housing Bank, we are significantly strengthening our regional teams to ensure support is tailored to the needs of places and partner organisations.

“This includes the imminent appointment of experienced leaders to head each team, working hand in glove with mayors, local leaders and the wider housing and regeneration sector.”

Alongside this new strategy, Homes England has unveiled an investment roadmap, setting out the agency’s investment themes between November 2025 and July 2026. This includes the launch of the National Housing Delivery Fund next month.

The government will also give Homes England a share of £5bn in capital grant funding to unlock land, tackle viability challenges and support the provision of enabling infrastructure, including support for new towns.

British Property Federation director Danny Pinder said that while the move to unlock institutional investment was welcome, it was “disappointing not to see greater recognition of the essential role of institutional capital in the National Plan to End Homelessness or the Homes England plan more broadly”.

He added: “There is a lot of capital out there looking for the chance to invest in new, high-quality housing across both the affordable and private rented sectors, but there is still a lack of viable opportunities to deploy it. We need government to change that – urgently.”