REG - Barratt Redrow PLC - CMA Consults on Proposed Housebuilder Commitments

Barratt RedrowAnnouncement

09/07/2025 07:10

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RNS Number : 2608Q  Barratt Redrow PLC  09 July 2025

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

www,barrattredrow.co.uk (http://www.barrattdevelopments.co.uk)

 

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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