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United Kingdom·GOV.UK

Homes England specifies recycled grant withdrawal points by funding route

Continuous Market Engagement uses the first payment milestone; Strategic Partners use Active Site status, with supporting records retained for ten years.

By Taxxa AI Oy · Published 21 August 2026

Accounting & Reporting

Homes England’s capital grant recovery guidance specifies different withdrawal points for registered providers using the Continuous Market Engagement funding route and Strategic Partners.GOV The Recycled Capital Grant Fund (RCGF) arrangements cover recycled capital grant generated outside Greater London and apply to all classes of registered provider operating a fund.

For Continuous Market Engagement, providers withdraw from their RCGF upon the first payment milestone.GOV Strategic Partners withdraw at the point a site is made an Active Site on the digital system.GOV Payment milestones may differ by scheme type and funding programme; the guidance refers providers to the Programme Management chapter for the applicable milestones.

The predecessor recovery chapter required withdrawals to be debited at start on site and/or other payment milestones. Paragraph 5.5.3 now states the two funding routes’ withdrawal points explicitly and encourages providers to commit recycled capital grant at the earliest opportunity.

The Strategic Partnerships chapter defines an Active Site as one in which a Strategic Partner or Delivery Partner has a qualifying secure legal interest and on which affordable homes will be delivered. A group company may hold that interest, provided it transfers to the Strategic Partner or Delivery Partner before practical completion and Homes England’s approval of the Completion Entry. A Delivery Partner’s site should not be made active until Homes England has approved the partner in the system and the Delivery Partner Contract is in place.

Fund expenditure must be debited on a first in, first out basis. Supporting records must identify individual amounts credited, amounts by local authority, notional interest and withdrawals, with documentary evidence retained for ten years. These recordkeeping requirements already appeared in the predecessor guide.

The guide requires annual reporting of credits and debits by 30 June. Providers operating inside and outside Greater London need separate returns for London balances to the Greater London Authority and for balances outside London to Homes England. The return forms part of the provider’s annual independent audit, covering fund balances, transactions and the return’s overall accuracy.

Paragraph 19 of the Recovery of Capital Grants and Recycled Capital Grant Fund General Determination 2017 requires registered providers to administer their funds according to the requirements published by the agency.

Match recycled capital grant withdrawals to the first payment milestone for Continuous Market Engagement or to Active Site status for Strategic Partnerships.

Sources

  1. 7. Capital Grant Recovery - Registered Provider
  2. 7. Grant Recovery - Registered Provider
  3. 14. Strategic Partnerships
  4. Recovery of capital grants from registered providers general determination 2017 - GOV.UK

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