Kingswood Homes looking to double number of properties built
Little Hoole-based Kingswood Homes is planning to double the number of houses it builds each year after securing a flexible funding deal with Homes England.
The funding facility, granted by the government, currently covers four sites with planning for more than 200 homes and a GDV in excess of £50m.
The agreement also creates a funding platform that could ultimately be used for additional sites, which will help Kingswood meet its objective of growing the number of homes it completes each year from 100 to 200.
Paul Jones, managing director of Kingswood Homes, said: "The agreement gives us access to one central fund that can be used tactically across all our sites. It gives us much more flexibility allowing us to respond to market demand and move resources to where they are most effective.
"It creates a platform that should ultimately allow us to fund additional sites within the funding structure, enabling us to continue to grow in a more efficient way, by saving time and reducing the level of additional costs."
Homes England commented: "We are pleased to be able to provide a flexible funding structure to help support the continued growth of Kingswood Homes. The structure highlights the ability we have within the Home Building Fund to structure a finance package matched to the specific needs of a partner."
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