The housing sector’s changing ‘regulatory and funding backdrop’ has been blamed for the failure of a £1bn scheme to invest in a single project.
Kier Living, the contracting giant’s affordable and student housing arm, blamed the difficult current climate for the failure of the New Communities Partnership (NCP) – a public-private joint venture backed by Kier, investment management firm Cheyne Capital, Homes England and Lloyds Banking Group.
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