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Project Walnut - Subsidy Advice

Name: Project Walnut - Subsidy Advice – Homes England (the name adopted by the Homes and Communities Agency)
Creator: Homes England (the name adopted by the Homes and Communities Agency)
Published: 2025-09-01T15:07:27.000Z
License: https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/

Contracting authorityHomes England (the name adopted by the Homes and Communities Agency)

CompleteServices

Contract value£40,000

Submission deadline25 Aug 202523:59Closed

Published1 Sept 2025

LocationNewcastle upon Tyne, England

Description

AY to advise on subsidy control for pricing and the profit waterfall. Work will be split into Phase 1 (initial advice) and Phase 2 (detailed report post-approval).\\r\r

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Benchmarking and review. AY will benchmark pricing across the capital stack using market comparables, review draft HOTs, and support the Q&A process with MGT.\\r\r

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Risk and compliance. The aim is to flag potential issues and propose mitigations, recognising that unlike previous pari passu equity investments, Homes England will be taking a different return to its partner.

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