Housing expansion gains momentum: Wyatt Homes Secures Funding for New Housing Developments
Wyatt Homes, a well-established traditional housebuilder, has secured a multi-million-pound finance package from Homes England’s Home Building Fund and HSBC UK. This funding will enable the company to deliver hundreds of new homes across the South of England, including much-needed affordable housing.
Developments and Locations
The finance package will support Wyatt Homes’ growth plans, allowing the company to build over 300 homes per year across developments in:
– Dorset: Known for its picturesque countryside and coastal towns
– Hampshire: A popular region for commuters and families
– Somerset: An area with a rich history and natural beauty
– Wiltshire: Famous for its historic sites and rolling hills
Still on Housing expansion gains momentum
Funding Details
The Home Building Fund, one of the ways Homes England works with the private sector to deliver on the Government’s mission to build 1.5 million homes, has provided funding to Wyatt Homes. This funding will be used in conjunction with private sector capital from HSBC UK to deliver high-quality new homes in priority locations.
Previous Success
This is not the first time Wyatt Homes has received funding from Homes England and HSBC UK. A previous finance package in 2022 accelerated the delivery of over 1,000 new family homes across multiple sites. Wyatt Homes has a track record of delivering award-winning homes in the South for over 30 years, with previous developments including:
– Luzborough Green: A development in Romsey, known for its high-quality homes and community facilities
– Weatherbury Place: A development in Puddletown, featuring a mix of housing types and community spaces
– Harbour Ridge: A development at Canford Cliffs, offering stunning views and luxurious homes
– Chapel Fields: A development in South Petherton, featuring a range of housing types and community facilities
Quotes from Key Stakeholders
– Nigel Barclay, Director of Loans at Homes England: “Supporting Wyatt Homes’ ambition to grow housing delivery to over 300 homes per year… is an excellent example of how the Agency’s Home Building Fund can be deployed alongside private sector capital from HSBC UK, to deliver high-quality new homes in priority locations.”
– Shaun Pettitt, Managing Director at Wyatt Homes: “This funding is a pivotal step for us, as we look to scale up and bolster the delivery of hundreds of new homes… Our commitment to quality of design and high standards of construction remains unwavering as we expand our operations.”
– Dan Wright, Head of Housing at HSBC UK: “Having supported Wyatt Homes over the past five years, we’re thrilled to continue backing its growth journey… This substantial finance package will bolster the business’s operations, enabling it to increase its annual output and address the urgent need for housing in the South of England.
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