The Department has taken various approaches, driven by shifting policy priorities, to where it invests unlocking land funds. However, frequent change reduces confidence in the sector and risks wasting applicants’ efforts in developing plans that are unlikely to be supported.42 To support the delivery of the NHDF and National Housing Bank, Homes England is developing an overarching agency-wide investment strategy. The first part of this strategy was the publication of the Homes England Investment Roadmap in December 2025 which set out the scope of the NHDF, the Bank and the agency-wide investment principles and investment themes that will guide the future activity of Homes England.43