Slaughter and May advised the DCLG - award of a license to PRS Operations Limited

Slaughter and May advised the Department for Communities and Local Government on the award of the licence to deliver the Private Rented Sector Housing Guarantee Scheme to PRS Operations Limited (a subsidiary of Venn Partners LLP). Under the Private Rented Sector Housing Guarantee Scheme, the government will initially guarantee up to £3.5 billion of loans to landlords looking to invest at least £10 million for new homes available for private rent - with the option to increase this to £6.5 billion in the future. The award of the licence was announced in December 2014.