{"id":2177998,"date":"2026-08-25T14:39:24","date_gmt":"2026-08-25T13:39:24","guid":{"rendered":"https:\/\/www.thebusinessdesk.com\/northwest\/?p=2177998"},"modified":"2026-08-25T14:39:24","modified_gmt":"2026-08-25T13:39:24","slug":"350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes","title":{"rendered":"\u00a3350m grant funding for Torus to provide 2,865 new Merseyside and Cheshire homes"},"content":{"rendered":"

The Government has announced a further allocation to its Strategic Partner, Torus, with the North West landlord receiving \u00a3350m in the Social and Affordable Homes Programme (SAHP).<\/span><\/p>\n

It will see Torus build 2,865 homes across Merseyside and Cheshire over the next five years.<\/span><\/p>\n

The funding comes from an initial allocation of \u00a310bn of the Government\u2019s \u00a339bn SAHP announced by ministers today (August 25).<\/span><\/p>\n

Torus says it will take a balanced approach to delivery with around a third of the homes delivered by its in-house contractor, HMS.<\/span><\/p>\n

The remainder will see a mixture of large-scale builders and also regional SME construction firms employed to maximise economic benefits in local areas.<\/span><\/p>\n

Torus is aiming for more than 50% of properties to be EPC-A rated and 60% to be built using modern methods of construction.<\/span><\/p>\n

Social rent will make up 60% of the programme tenure.<\/span><\/p>\n

Torus Group CEO, Steve Coffey, said: \u201cBeing named a Strategic Partner status is fantastic news as it guarantees \u00a3350m of funding to build over 2,800 homes in the early years of the programme.<\/span><\/p>\n

\u201cCoupled with the investment we will make, it unlocks over \u00a31bn investment in affordable housing in Merseyside and Cheshire.\u201d<\/span><\/p>\n

He added: \u201cWe have a big appetite to build new homes at scale and we don\u2019t view this as being overly ambitious; we think it is pragmatic given our track record and it is just the start.<\/span><\/p>\n

\u201cWhen we have delivered the new homes made possible by this allocation we will be looking for further funding as the need is great and our ambition is significant.<\/span><\/p>\n

\u201cThe only way we will make a meaningful dent in ever-growing housing waiting lists is by delivering at this level over a sustained period.\u201d<\/span><\/p>\n

He said: \u201cTo do this, partnership working is vital and we will continue working closely with regional mayors and local authorities to identify the best sites, bring them forward at pace and receive planning approval as quickly as possible.<\/span><\/p>\n

\u201cWe\u2019re really pleased our approach aligns with the Mayor of Liverpool City Region which is one of the key areas we have identified for the homes.\u201d<\/span><\/p>\n

Steve Rotheram, Mayor of the Liverpool City Region, said: \u201cCouncil housing is personal to me. I grew up in a council house in Kirkby, and I know what that security meant to my family. It gave my mum the chance to give us a stable start in life, without constantly worrying about keeping a roof over our heads. Every family deserves that same security.<\/span><\/p>\n

\u201cBut we simply haven\u2019t built enough council and social housing in this country. The consequences are all around us – families stuck on waiting lists, children growing up in temporary accommodation and young people wondering whether they\u2019ll ever afford a place of their own.<\/span><\/p>\n

\u201cWe\u2019re starting to turn that around. We know our communities better than anybody in Whitehall ever could. We know where homes are needed and what local people want – good-quality, genuinely affordable homes, built in the right places.\u201d<\/span><\/p>\n

Torus says it is perfectly placed to deliver for future and existing tenants. Steve Coffey said: \u201cRecently receiving C1 status alongside V1 and G1 gives us the confidence and comfort that we have a balanced approach.<\/span><\/p>\n

\u201cIt\u2019s not all about new homes, we are investing extensively in our current stock for existing tenants and neighbourhoods, too, while also preparing for the future by focusing on economic growth in our localities.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Funding is from government’s Social and Affordable Homes Programme<\/p>\n","protected":false},"author":217725,"featured_media":2177999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"coauthors":[46761],"class_list":["post-2177998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-featured-story","tag-northwest"],"yoast_head":"\n\u00a3350m grant funding for Torus to provide 2,865 new Merseyside and Cheshire homes<\/title>\n<meta name=\"description\" content=\"Funding is from government's Social and Affordable Homes Programme\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u00a3350m grant funding for Torus to provide 2,865 new Merseyside and Cheshire homes\" \/>\n<meta property=\"og:description\" content=\"Funding is from government's Social and Affordable Homes Programme\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes\" \/>\n<meta property=\"og:site_name\" content=\"North West\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-25T13:39:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_26\/Steve-Coffey-Torus-2026-e1787665055211.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1378\" \/>\n\t<meta property=\"og:image:height\" content=\"915\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Neil Hodgson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Neil Hodgson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes\",\"url\":\"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes\",\"name\":\"\u00a3350m grant funding for Torus to provide 2,865 new Merseyside and Cheshire homes\",\"isPartOf\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/northwest\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_26\/Steve-Coffey-Torus-2026-e1787665055211.jpg\",\"datePublished\":\"2026-08-25T13:39:24+00:00\",\"dateModified\":\"2026-08-25T13:39:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/northwest\/#\/schema\/person\/fa48fb423602cb1966a9a546cfe09356\"},\"description\":\"Funding is from government's Social and Affordable Homes Programme\",\"breadcrumb\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes#primaryimage\",\"url\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_26\/Steve-Coffey-Torus-2026-e1787665055211.jpg\",\"contentUrl\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_26\/Steve-Coffey-Torus-2026-e1787665055211.jpg\",\"width\":1378,\"height\":915,\"caption\":\"Steve Coffey\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.thebusinessdesk.com\/northwest\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u00a3350m grant funding for Torus to provide 2,865 new Merseyside and Cheshire homes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/northwest\/#website\",\"url\":\"https:\/\/www.thebusinessdesk.com\/northwest\/\",\"name\":\"North West\",\"description\":\"Regional business news for North West\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.thebusinessdesk.com\/northwest\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/northwest\/#\/schema\/person\/fa48fb423602cb1966a9a546cfe09356\",\"name\":\"Neil Hodgson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/northwest\/#\/schema\/person\/image\/25f0ca12630eea7c4ef70e0e79410230\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c4f4bd7490f3eb3a48232a5106ce659a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c4f4bd7490f3eb3a48232a5106ce659a?s=96&d=mm&r=g\",\"caption\":\"Neil Hodgson\"},\"url\":\"https:\/\/www.thebusinessdesk.com\/northwest\/news\/author\/neilhodgson\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u00a3350m grant funding for Torus to provide 2,865 new Merseyside and Cheshire homes","description":"Funding is from government's Social and Affordable Homes Programme","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes","og_locale":"en_GB","og_type":"article","og_title":"\u00a3350m grant funding for Torus to provide 2,865 new Merseyside and Cheshire homes","og_description":"Funding is from government's Social and Affordable Homes Programme","og_url":"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes","og_site_name":"North West","article_published_time":"2026-08-25T13:39:24+00:00","og_image":[{"width":1378,"height":915,"url":"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_26\/Steve-Coffey-Torus-2026-e1787665055211.jpg","type":"image\/jpeg"}],"author":"Neil Hodgson","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Neil Hodgson","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes","url":"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes","name":"\u00a3350m grant funding for Torus to provide 2,865 new Merseyside and Cheshire homes","isPartOf":{"@id":"https:\/\/www.thebusinessdesk.com\/northwest\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes#primaryimage"},"image":{"@id":"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes#primaryimage"},"thumbnailUrl":"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_26\/Steve-Coffey-Torus-2026-e1787665055211.jpg","datePublished":"2026-08-25T13:39:24+00:00","dateModified":"2026-08-25T13:39:24+00:00","author":{"@id":"https:\/\/www.thebusinessdesk.com\/northwest\/#\/schema\/person\/fa48fb423602cb1966a9a546cfe09356"},"description":"Funding is from government's Social and Affordable Homes Programme","breadcrumb":{"@id":"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes#primaryimage","url":"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_26\/Steve-Coffey-Torus-2026-e1787665055211.jpg","contentUrl":"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_26\/Steve-Coffey-Torus-2026-e1787665055211.jpg","width":1378,"height":915,"caption":"Steve Coffey"},{"@type":"BreadcrumbList","@id":"https:\/\/www.thebusinessdesk.com\/northwest\/news\/2177998-350m-grant-funding-for-torus-to-provide-2865-new-merseyside-and-cheshire-homes#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.thebusinessdesk.com\/northwest\/"},{"@type":"ListItem","position":2,"name":"\u00a3350m grant funding for Torus to provide 2,865 new Merseyside and Cheshire homes"}]},{"@type":"WebSite","@id":"https:\/\/www.thebusinessdesk.com\/northwest\/#website","url":"https:\/\/www.thebusinessdesk.com\/northwest\/","name":"North West","description":"Regional business news for North West","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.thebusinessdesk.com\/northwest\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.thebusinessdesk.com\/northwest\/#\/schema\/person\/fa48fb423602cb1966a9a546cfe09356","name":"Neil Hodgson","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.thebusinessdesk.com\/northwest\/#\/schema\/person\/image\/25f0ca12630eea7c4ef70e0e79410230","url":"https:\/\/secure.gravatar.com\/avatar\/c4f4bd7490f3eb3a48232a5106ce659a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c4f4bd7490f3eb3a48232a5106ce659a?s=96&d=mm&r=g","caption":"Neil Hodgson"},"url":"https:\/\/www.thebusinessdesk.com\/northwest\/news\/author\/neilhodgson"}]}},"_links":{"self":[{"href":"https:\/\/www.thebusinessdesk.com\/northwest\/wp-json\/wp\/v2\/posts\/2177998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thebusinessdesk.com\/northwest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thebusinessdesk.com\/northwest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/northwest\/wp-json\/wp\/v2\/users\/217725"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/northwest\/wp-json\/wp\/v2\/comments?post=2177998"}],"version-history":[{"count":4,"href":"https:\/\/www.thebusinessdesk.com\/northwest\/wp-json\/wp\/v2\/posts\/2177998\/revisions"}],"predecessor-version":[{"id":2178003,"href":"https:\/\/www.thebusinessdesk.com\/northwest\/wp-json\/wp\/v2\/posts\/2177998\/revisions\/2178003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/northwest\/wp-json\/wp\/v2\/media\/2177999"}],"wp:attachment":[{"href":"https:\/\/www.thebusinessdesk.com\/northwest\/wp-json\/wp\/v2\/media?parent=2177998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/northwest\/wp-json\/wp\/v2\/categories?post=2177998"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/northwest\/wp-json\/wp\/v2\/coauthors?post=2177998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}