Could smaller housebuilders club together to set up for-profit providers?

By Matt Cowen 2024-09-03T06:00:00

Setting up as a for-profit registered provider has numerous advantages for developers, but there are numerous costs and regulatory burdens also. Matt Cowen explains how some are looking at a potential solution

It is well known that many developers have set up or are considering their own for-profit registered provider and this activity shows no signs of slowing. But, asks Winckworth Sherwood’s Matt Cowen, is this viable for smaller developers?

There are many reasons behind the growth of for-profit registered providers (FPRP). For many developers, the primary driver is to reduce reliance on third party charitable registered providers (RPs) buying their s106 affordable units.

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