The housebuilder has been confirmed as a Homes England strategic partner and awarded a £350mn grant as part of the government’s 2026-2036 Social and Affordable Homes Programme. This is the largest amount possible at this phase and should support the building of over 3,000 affordable homes.
This funding is expected to drive an uptick in partner-funded activity in the second half of the year.
The shares rose 17.0% in early trading.
Our view
HL view to follow.
Vistry key facts
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This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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