9 July 2025
Barratt redrow plc
UK Competition and Markets Authority consults on proposed commitments
in housebuilding investigation
Barratt Redrow plc ("Barratt Redrow") notes the UK Competition and Markets Authority's ("CMA") announcement today that it is inviting views on voluntary commitments offered by Barratt Redrow and six other UK housebuilders[1] ("the Parties") as part of the CMA's ongoing investigation in the housebuilding sector.
Barratt Redrow has engaged proactively and constructively with the CMA throughout its investigation, including by voluntarily offering binding commitments alongside the other Parties in response to the potential concerns investigated by the CMA, and with a view to resolving expeditiously the investigation. The offer of voluntary commitments does not constitute an admission of any wrongdoing by Barratt Redrow and nothing in the commitments may be construed as implying that Barratt Redrow agrees with any concerns expressed by the CMA in the investigation.
The Parties' proposed commitments include making a collective payment of £100 million to His Majesty's Government to be disbursed to the affordable homes programmes in England, Scotland, Wales and Northern Ireland. Barratt Redrow's share of the payment is expected to be £29 million[2].
Barratt Redrow welcomes the CMA's consultation on the voluntary commitments and will continue to work constructively with the CMA throughout the process.
For further enquiries, please contact:
Analyst/investor enquiries:
John Messenger, Group Investor Relations Director
07867 201 763
Media enquiries:
Tim Collins, Group Corporate Affairs Director
020 7299 4874
Brunswick:
Rosie Oddy / Peter Hesse
020 7404 5959
Barratt Redrow plc LEI: 2138006R85VEOF5YNK29
Barratt Redrow plc's next scheduled announcement is the FY25 Trading Update on Tuesday 15 July 2025.
[1] Bellway plc, The Berkeley Group plc, Bloor Homes Limited, Persimmon plc, Taylor Wimpey plc, and Vistry Group plc.
[2] The £29 million is the total being paid by Barratt and Redrow combined now as Barratt Redrow plc
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