Vistry Group shares surged 10% to 300 pence on Wednesday, the highest level since August 4, after the UK homebuilder was awarded the maximum £350 million grant allocation under the government’s £39 billion, 10-year Social and Affordable Homes Programme.
The funding, provided by Homes England, will support the delivery of 3,028 homes, positioning Vistry among 33 strategic partners selected for the initiative. The grant, the largest possible under the program, addresses prior constraints on partner-market demand from registered providers, which Vistry cited as a headwind in its July trading update.
Vistry, listed on the FTSE 250, completed approximately 6,100 homes in the first half of 2026, with more than half classified as affordable housing. The company is now negotiating new framework agreements with 10 key partners to expand its pipeline. Management expects a significant improvement in profitability in the second half of the year, targeting net cash of more than £100 million by year-end.
