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UKUnited Kingdom·Buyer: Homes England (the name adopted by the Homes and Communities Agency)

Project Walnut - Subsidy Advice

Awarded·28 Sep 2026·GBP 40,000

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 \\r\r 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 \\r\r 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.

Deadline

25.08.2025

Published

28.09.2026

Awarded

28.09.2026

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