The Department for Levelling Up, Housing and Communities (DLUHC) has announced the extension of the Home Building Fund for small and medium-sized enterprises (SMEs) beyond March 2025. The extension will provide up to £700m in additional loans to support SME housebuilders, aiming to deliver approximately 12,000 new homes. The initiative forms part of the government's Plan for Change, which targets the construction of 1.5 million homes over five years. The Fund, managed by Homes England, will continue to offer direct loans and lending partnerships to smaller housebuilders struggling to access traditional finance. This extension aligns with the government's broader strategy to overhaul planning laws through a new National Planning Policy Framework, which includes reinstating mandatory housing targets for councils across England.