Source: https://tendernation.io/opportunities/01a13bf2-f903-708c-bebe-296c6e4c0fe6/funding-of-additional-affordable-rented-accommodation-in-west-lancashire

pending GB open procedure

# Funding of additional affordable rented accommodation in West Lancashire

[West Lancashire Borough Council](https://tendernation.io/buyers/west-lancashire-borough-council)

Estimated value

Not stated

Published

18 Nov 2016

Deadline

Rolling deadline

## Who can bid

- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

## About this tender

West Lancashire Borough Council is keen to increase the supply of affordable housing in the Borough, and is seeking to establish the potential interest from the market in the provision of public or private funding to support the delivery of additional affordable rented accommodation.

The Council currently retains capital receipts from Council properties which are sold through Right to Buy arrangements. Retained capital receipts must be used to increase the supply of affordable rented housing. This may occur through new build or acquisitions of existing property, however, no more than 30% of the retained capital receipt can be applied to each unit / overall development costs.

The Council is therefore interested in securing public or private funding from organisations to develop affordable housing with the organisation providing the required 70% funding.

Additional information: Additional information is contained in the attached Project Brief.

Please respond by 3 November 2016.

Please visit [westlancs.gov.uk](https://www.westlancs.gov.uk) for more information about West Lancashire Borough Council.

## CPV classification

Financial and insurance services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/4183f04f-adca-11e6-9901-0019b9f3037b)

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