Housebuilder Marks £2.4million Contributions To South West’s Key Workers

Barratt Homes and David Wilson Homes – two of the brands of former WhatHouse? Housebuilder of the Year Barratt Developments – have announced that between them, they have provided deposit contributions for key workers in the South West of England totalling over £2.4 million.

During the first six months of the year, Barratt Homes and David Wilson Homes have helped almost 140 key workers across the South West buy their own properties by paying something towards their deposits. The special deposit contribution scheme was recently extended, meaning help is now available for key workers for reservations until 15 December 2023.

Under the Key Worker Deposit Contribution scheme, qualifying key workers are offered £1,000 as a deposit contribution for every £20,000 of a home’s purchase price. So, for a home that costs £325,000, key workers qualify for a contribution of £16,250. Not only that, there’s funding towards flooring, worth up to a further 1% of the value of the property.

The scheme is designed to help a range of key workers including the NHS, teachers, police and fire services, MOD, local authorities, probation and prison services, environmental service and national highways.

Andrea Pilgrim, sales director for Barratt Homes Bristol, said: “We understand the immense contributions key workers make day in and day out. Providing them with a helping hand will enable them to put down roots in the communities they serve.”

Ladden Garden Village

Primary school teacher Chloe Nicholas and her partner Finley are buyers in the South West that have recently benefited from the Key Worker Deposit Contribution scheme which has fast-tracked them into the home they’d long been saving for.

“I don't know what pleased me more – seeing Barratt acknowledge the difference teachers make and the help they might need via this special ‘thank you’ offer - or discovering that we could buy a house so far ahead of when we thought possible,” said Chloe, who started her teaching career at a primary school last year. “We'd been putting away every spare penny towards a deposit, but it's a slow process when you're renting as well.”

Louise Ware, sales director for Barratt David Wilson Homes South West, added: “Homeownership should be within reach for those who contribute so much to the wellbeing of our region. We are proud to stand alongside our local key workers to help make their aspirations of owning a home a reality."

Since its launch in October 2022, Barratt has supported more than 2,000 key workers across the country with deposits worth more than £23million.

Nicki Reid, sales director for Barratt David Wilson Homes Exeter, concluded: “We are delighted to see the scheme extended in a show of thanks and support to those who contribute significantly to our communities.”

Find out more about current Barratt Homes developments in the South West of England.

Find out more about current David Wilson Homes developments in the South West of England.

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