A Borehamwood-based housebuilder has been announced as one of the first regional partners of the Housing Growth Partnership (HGP).

Durkan Homes says the HGP's regional growth initiative that it has been appointed to is a four-year commitment that seeks to support the growth and development of the "most ambitious" regional housebuilders in the UK.

It will see the HGP and Durkan investing £30 million of equity, targeting medium to large size sites and delivering a mix of quality family housing across London and the Home Counties.

Durkan celebrated 50 years of operation in 2020, having delivered more than 30,000 new family homes, with Durkan's link-up with the HGP aiming to support more than 400 new homes.

Ronan Murphy, chief executive of Durkan, said: "The UK’s housing shortage is one of the biggest challenges this country faces, and it is particularly acute in the south-east.

"Government has continued to underline the importance of moving away from a situation where larger players dominate the market. The flexibility and agility of regional housebuilders has a critical role to play in bringing high quality new homes to market so we’re delighted to have been chosen as one of the first regional partners of HGP’s regional growth initiative.

"Our core values focus on quality, integrity, service, value and safety, as well as holding a true commitment to demonstrating sustainability across each aspect of the business. This partnership will enable us to drive forward our commitment to our customers, to build high-quality housing and communities for all to enjoy. We’re looking forward to working closely with HGP on this."