Initiative being backed by £150m of government money and will cover jobs of up to 3,000 homes

Vistry has launched a joint venture with Homes England to build large-scale residential schemes across the country.

Called Hestia, the scheme is being backed by £150m of capital funding from Homes England and will focus on the acquisition and development of sites ranging from 400 to 3,000 homes.

Vistry Homes build 6

Vistry said the initiative will focus on plots of between 400 and 3,000 homes

Vistry said: “In addition, the joint venture will seek to sell parcels of land on our larger sites to SME developers, reflecting both organisations’ commitment to supporting the wider housing sector and enabling greater market participation.”

The firm said the JV will also make sure new infrastructure is included under the initiative.