BPF says build-to-rent fund has laid the foundations for long-term PRS success

5 Jun 2014

Policy area: Residential

The property industry will today hear how the Build-to-Rent Fund, PRS Taskforce and the Montague Review have played important roles in laying the foundations of a successful, large-scale private rented sector in the UK. Speaking at the at the CIH’s Private Rented Sector Conference, the British Property Federation’s Director of Policy Ian Fletcher will explain how laying firm foundations for the sector to grow from will ensure a sustainable and successful model that will last into the future.

Speaking within the ‘Build-to-Rent Fund – One Year On’ session of today’s conference, Fletcher will explain how the Build-to-Rent Fund has helped to deliver a strong foundation for the PRS, with the schemes that have received funding so far offering a range of funding structure, innovative joint ventures and operating across a range of geographical locations. In line with the recommendations of the Montague Report, the fund has played an important part in kick starting the market and bridging funding gaps.

Ian Fletcher, Director of Policy at the British Property Federation, will say: “The property industry will remember that Rome wasn’t built in a day – we cannot expect a fully formed purpose built private rented sector to spring up out of goodwill alone. Good progress has, however, been made in a short period and initiatives such as the Build-to-Rent fund have helped in establishing the model and encouraging delivery. Projects on the ground are being delivered and there is real momentum coming from various players to put in place the market infrastructure that will further help to attract investors. ”