Vistry Group (VTY): SAHP 2026-2036 grant allocations
This situation live
VTY Vistry Group
14 Jan 2026 · Awaiting bid invitation; rent consultation outcome due January · −24% until the next step
We expect bids for the SAHP to be invited in H1 and are hopeful that early allocations commence by the half year or in early Q3.
4 Mar 2026 · Bidding open; Vistry bid being submitted · −39% until the next step
Bidding opened at the end of February for Homes England's part of the SAHP, and our bid is in the process of being submitted.
13 May 2026 · Bidding closed; notifications expected Q3 · −18% until the next step
We are encouraged that bidding for the SAHP 2026-2036 recently closed, with notification of grants and clarification of Partner status expected in Q3.
8 Jul 2026 · Allocations expected September; demand constrained · +11% until the next step
The near-term prospects for the partner market remain very attractive and Registered Providers demand should be stimulated by the completion of the grant allocation process under the Strategic Afforda
24 Sep 2026 · First wave allocated; £350m direct award won · −2% since
We are pleased that the recent announcement of the first wave of the Social and Affordable Housing Programme (2026-2036) has given confirmation of future funding totalling £9.58bn to 33 Strategic Part
SAHP 2026-2036 grant allocations
First wave allocated; £350m direct award won
Next: Partner deal flow and renegotiated contracts through H2
Every step · 5
- 14 Jan 2026 Awaiting bid invitation; rent consultation outcome due January – We expect bids for the SAHP to be invited in H1 and are hopeful that early allocations commence by the half year or in early Q3. ↗
- 4 Mar 2026 Bidding open; Vistry bid being submitted – Bidding opened at the end of February for Homes England's part of the SAHP, and our bid is in the process of being submitted. ↗
- 13 May 2026 Bidding closed; notifications expected Q3 – We are encouraged that bidding for the SAHP 2026-2036 recently closed, with notification of grants and clarification of Partner status expected in Q3. ↗
- 8 Jul 2026 Allocations expected September; demand constrained – The near-term prospects for the partner market remain very attractive and Registered Providers demand should be stimulated by the completion of the grant... ↗
- 24 Sep 2026 First wave allocated; £350m direct award won – We are pleased that the recent announcement of the first wave of the Social and Affordable Housing Programme (2026-2036) has given confirmation of future... ↗
What is happening
Vistry Group: SAHP 2026-2036 grant allocations – First wave allocated; £350m direct award won. ['First wave allocated; £350m direct award won']
- In short
- The £39bn SAHP and 10-year rent settlement underpin partner demand; bidding closed by 13 May 2026. The first wave was announced by 24 Sep 2026: £9.58bn to 33 Strategic Partners, with Vistry securing a £350m direct grant, the largest award, for over 3,000 affordable homes. Build has started and the allocations support H2 deal flow.
- Announced
- 14 Jan 2026 · Awaiting bid invitation; rent consultation outcome due January
- Latest
- 24 Sep 2026 · First wave allocated; £350m direct award won
- Next milestone
- Grant notification and Partner status clarification expected in Q3 2026
- Programme
- Targets 300,000 homes over its term
- Demand impact
- Step up in partner demand towards end of 2026 and into 2027
- Current activity
- Partner transactions relatively subdued during programme transition
- Direct grant
- £350m, largest award in the first phase; funds over 3,000 affordable homes
- First wave
- £9.58bn to 33 Strategic Partners, 29 of which Vistry works with
- Status
- Vistry named a Strategic Partner; build of the homes has already started
- Partner funded sales
- 90% of Partner Funded sales secured for FY26
What comes next
Partner deal flow and renegotiated contracts through H2.
Briefing
Vistry Group in 4 minutes
Vistry builds homes across the UK, mostly for housing associations, councils and rental investors rather than for individual buyers. In 2023 it set targets of 40% return on capital and £800m of operating profit. By...
- Act 1The partnerships bet, 2023 to mid-2024
- Act 2South Division errors and a broken promise
- Act 3Stabilising, then a cash squeeze in 2026
From the company's own announcements. Not investment advice.
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