Octopus Capital has agreed a forward funding deal with Barratt and David Wilson Homes (Anglia) to support the delivery of 110 new affordable homes across two sites in Thurston, Suffolk, and Littleport, Cambridgeshire.

The schemes will provide a mix of 78 homes for affordable rent and 32 homes for shared ownership.

Across the two sites, the schemes will deliver 100 houses, six maisonettes and four bungalows on a freehold basis.

Homes, which will be delivered with a minimum of EPC B rating, range from one to four bedrooms, supporting individuals, couples and families.

The investment has been made through the Octopus Affordable Housing Fund (OAHF), which invests long-term capital.

The deal marks the first direct transaction between Octopus Capital and Barratt Redrow.

Construction will be phased, with handovers at Thurston expected between April 2026 and June 2028, and at Littleport between September 2026 and December 2028.

NewArch Homes, the Octopus-owned registered provider of social housing, will be the long-term owner of the homes.

Octopus Capital investment manager Coner Anderson says: “We are delighted to have secured our first direct partnership with Barratt Redrow, supporting the delivery of 110 much needed affordable homes in the East of England. This transaction reflects a shared commitment to increasing the supply of high quality affordable housing.”