Closing Date: 5/8/2026
Interviews will be held week commencing 10/8/2026
As we are headquartered in Leeds our preference is to appoint to this location and priority will be given to applicants based within commuting distance of the Leeds office
This is an exciting time to join Homes England, the government’s housing delivery Agency. We have the resources, influence, and diverse expertise to drive positive market change through our significant investment activity. The government has put housing at the heart of its agenda, and the Agency is at the forefront of that commitment with a mission to intervene in the market to ensure more homes are built in areas of greatest need to improve affordability. Homes England will make this sustainable by creating a more resilient and diverse housing market, with a focus on quality.
To help achieve this aim, the government has committed £16 billion of capital to be invested and managed through Homes England Investment Directorate.
The Investment Directorate is evolving into a significantly more powerful and flexible investment arm, reconstituted as the National Housing Bank (NHB). This transition provides not only increased capital to be deployed but also broader powers, more autonomy and a clearer investment mandate, positioning Homes England as a central driver of both housing supply and long term housing market reform. This includes direct lending, equity investment, guarantees, land assembly and the biggest affordable home building programme in a generation.
The role of the Fund Management team is to govern and allocate the capital available to the housing sector in the most optimal way to ensure the delivery of high-quality homes in well designed places. This will require a full understanding of the risk / reward profile of the capital allocation to ensure deliverability is maximised within standardised approaches to risk weighting/ economic capital.
This team has the appetite and resources to shape the future of housing investment in a fast growing, national organisation with real social purpose, whilst applying robust governance processes around capital allocation.
We will do this through the various interventions the National Housing Bank will offer including Loans, Equity and Guarantees products. These leverage wider investment to achieve outcomes that are a significant multiple of the Agency’s participation.
This is a unique opportunity to join the Agency at a pivotal moment in housing delivery and to be part of the establishment of the Agency's Fund Management team. We are looking at significant growth in our investments, across the different products to the regeneration, house building and real estate sector, and have a strong pipeline to progress and the ambition to do more. We are growing the team at all levels and are looking for skilled and passionate professionals to join us.
The post holder will contribute and be responsible for implementing, and overseeing the Bank’s Fund Management capability, including capital governance, capital allocation strategy, portfolio modelling, and regulatory capital reporting. The role ensures robust capital adequacy, optimised capital allocation, implementation of the Virtual Economic Capital model, asset and liability management and high quality capital reporting to Executive and Board stakeholders.
The Head of Fund Management will work collaboratively across NHB business lines, including Loans, Equity, Guarantees, Finance, Risk (including Quantitative Risk Modelling), Operations, and Regional teams. They will provide leadership, embed best practice fund management disciplines, and support a high performing culture.
You will be joining an increasingly significant part of the Agency's offer. There are a wide range of exciting and ambitious projects to get involved with and this is an excellent opportunity to help Homes England and the National Housing Bank deliver its mission.
You will be an experienced fund management, or real estate professional with the ambition to work creatively to improve the affordability and accessibility of housing of all tenures across England.
You will be confident managing stakeholders both internal and external and your discussions will always be shaped by a good understanding of the commercial and operational impact of what we do. You will be able to demonstrate that you have experience managing colleagues and demonstrate you can work with others in a collaborative and inclusive way. You will enjoy working in an innovative and engaging way and demonstrate strong negotiating skills.
Additionally, you will have strong financial modelling capability and will be confident assessing capital deployment/allocation and profit/capital optimisation. You’ll show an enquiring mind and a willingness to think laterally and be comfortable constructively challenging colleagues and partners.
Homes England is strengthening UK Government’s ambitions for housing and regeneration through the introduction of the National Housing Bank (NHB). The NHB is a new financial organisation designed to unlock investment at scale and accelerate the delivery of more homes, stronger places and thriving communities across the country. Backed with £16bn in new financial capacity, alongside £6bn already committed this Parliament, the NHB represents one of the most significant new interventions in the housing sector in a generation.
The NHB, operating as a subsidiary of Homes England, exists to unlock investment at scale and connect capital with capability. We use our financial capacity and deep local relationships to drive regeneration, enable innovation and create the conditions for sustainable growth. By pairing government-backed finance with solutions that the market needs, we help partners bring forward the homes, infrastructure and long-term development that transform places and support people to live well.
Purpose-driven and built for impact, the NHB provides its partners the confidence and financial firepower to innovate and unlock complex sites, scale up investment and deliver at pace. Offering custom-built finance, strong partnerships and a commitment to shaping better futures, the NHB enables investment that would not otherwise happen- accelerating growth and creating the conditions for communities to flourish.
Joining the National Housing Bank offers a rare and exciting opportunity to help shape this new national organisation from the ground up; influencing how we operate, how we partner, and how we deliver impact across the country.
Homes England: The Housing and Regeneration Agency
We believe that affordable, quality homes in well-designed places are key to improving people’s lives. As the government’s housing and regeneration agency, we create thriving new places and transform urban areas, combining the full breadth of our powers, expertise, land, capital and influence to bring investment to communities and get more homes built.
How? We form long-term partnerships that bridge the gap between the public and private sector to meet local needs and aspirations. We use our influence to champion the creation of sustainable homes, communities and places that are brilliantly designed for the people that live there now, and in the future. And we use our funding and support to build a more resilient, diverse and innovative housing sector, helping new entrants in the market, encouraging modern methods of construction and design, and promoting the utmost attention to building safety.
Together with our partners, we’re accelerating the pace of house building, remediation and regeneration across the country, as we seek to deliver ever more affordable homes in places people are proud to call home for generations to come.
As well as a competitive salary and 33 days annual leave, we are committed to 50/50 hybrid working. We’ll support you, wherever possible, so that you don’t miss out on what matters to you.
Membership of the Homes and Communities Agency Pension Scheme, which is a contributory defined benefit scheme with the amount you receive on retirement based on your salary and years worked at the Agency.
Internal applicants: please note that if you are successful, the salary you are offered will be in accordance with our pay policy. You can find details on the HR Hub SharePoint site.
If you ever need a bit of extra help, we have a great employee assistance programme, a wide range of healthcare plans, financial wellbeing support and access to many great discounts with leading high street names.
Our range of network groups are also there to support you to be yourself at work and play a key role in helping shape our future.
If you are a member of a professional body, we’ll pay for your membership and once you get your digital kit, you’ll be good to go.
Homes England are a geographically diverse community. We work to a 50/50 office/ home based model. Moving back into our office environments has enabled us to utilise our space and time together in the most collaborative way.
We would encourage all applicants to apply as soon as possible as we may close vacancies early should we receive a high number of applications.
We also encourage you to apply using the full application option as opposed to quick apply, this is especially important if you would like to indicate to us that you would like to be considered under the disability confident scheme.
We’re a diverse team of more than 1,000 professionals spanning 17 professions, helping Homes England to be effective, efficient and deliver for communities.
Our people remain at the heart of everything we do, and we’re committed to building an Agency that not only reflects the diverse communities we serve, but also champions inclusion in how we shape homes and places across the country. For more information about our EDI strategy please see our Homes England equality, diversity and inclusion reports - GOV.UK
You will be required to have the Right to Work in the UK and Homes England do not offer visa sponsorship. If your application is shortlisted to interview we will require you to provide proof of your Right to Work in the UK at this stage.
Artificial Intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance for more information on appropriate and inappropriate use.
Internal applicants:
Any applicants who already work for Homes England please apply through this advert on the Homes England careers website.
External applicants:
Our recruitment partner PSR is supporting us with our external recruitment campaign for this role – therefore if you don’t already work for Homes England, please apply for this role through their advert which is listed – here.
