Barratt Developments has entered into a joint venture with Homes England and Lloyds Banking Group to focus on master development.

Called the MADE Partnership, it will focus on large sites to help deliver thousands of new homes across the country.

The partnership brings together Barratt, the sustainable housebuilder, Homes England, the government body responsible for housebuilding and regeneration in England, and Lloyds Banking Group, one of the largest funders of the UK housing sector.

The partnership will act as master developer for large scale, residential-led developments from 1,000 to more than 10,000 homes, along with a variety of community facilities and employment uses.

“We are committed to playing our part in delivering the millions of new homes the country needs over the next 10-20 years. To help us achieve this goal, we need to deliver more large developments,” says David Thomas, chief executive of Barratt Developments.

“Through the MADE Partnership, we are creating a master developer which can manage the infrastructure and placemaking that is needed to deliver at scale, whilst consistently achieving the high quality and sustainability standards that Barratt is known for.”

Potential opportunities will include large brownfield developments and new garden village-style communities.

Initially backed by combined equity funding of up to £150m provided equally by the partners, it brings together the essential skills, expertise and long-term approach, with the ability to unlock and scale the capital required to bring larger sites into production.

Matthew Pennycook, housing and planning minister, says: “The landmark new partnership announced today will support our commitment to ramp up housing supply and boost economic growth by developing more large-scale, attractive and sustainable places across the country with the homes, jobs and infrastructure that communities need to thrive.”