Preston housebuilder laying the foundations to accelerate social housing delivery

By Rob Kelly

12 Dec 2024

Breck plan

A Preston-based housebuilder plans to accelerate the delivery of social homes across the North of England, as part of a £150m housebuilding programme expected to deliver 300 homes a year by 2027 and beyond.

Breck Homes is a social and supported housing developer that specialises in sourcing and purchasing both brown and greenfield sites, with ambitious plans to build new homes across the North of England.

To deliver this, Breck Homes has secured a multi-million finance package from Lloyds to acquire the brownfield sites with capacity for new homes.

The funds have been provided through a Revolving Credit Facility that Breck Homes can draw from when needed, providing the business with the flexibility to acquire sites on a short notice.

Breck Homes currently has eight active sites across the North West, ranging from 20-250 homes, in locations including Crewe, Preston and Middlewich.

This year it has delivered 170 new homes and is expecting to complete a further 67 by January 2025. Breck Homes’ target is for at least 80 per cent of homes in its portfolio to be classed as affordable.

Breck’s approach to delivering social homes involves identifying overlooked brownfield land, securing planning permission and working with a housing association and its supply chain to begin construction.

Lloyds has championed social housing for decades and has invested £18.5bn in the sector since 2018.

It currently works with over 340 housing associations and in October, it partnered with the National Wealth Fund to provide up to £500m of funding to accelerate social housing retrofits across the UK.

Andy Garnett, director at Breck Homes, said: “Since our formation four years ago, Breck has developed a strong reputation across the North West for our consistent delivery of high-quality affordable houses in response to the UK’s growing demand.

“We currently have an active development pipeline of around 1300 units which is continuing to grow and we are actively looking for sites in West Yorkshire as we expand geographically across the North of England.

"Access to fast and reliable finance will be critical as part of this growth, helping Breck to secure sites with strong development potential quickly so we can begin construction and the agreement with Lloyds is a perfect fit to support the company over the coming years.”

James Long, growth and structured finance director at Lloyds, said: “There is a clear need for more affordable housing across the UK, including the North West.

"The UK needs to pull every lever it has to accelerate the rate of housebuilding, and SMEs like Breck Homes are essential drivers of development. In particular, brownfield land must be a priority, and Andy and the team have established an exemplary approach to unearthing land for more sustainable development, with a proven track-record for building in the North West.

“Now, it’s set to expand this approach into West Yorkshire, allowing the region to benefit from its important work with local housing associations. We look forward to continuing to be by the side of Andy and his team as they work to bridge the affordable housing gap across the UK.”

Lloyds’ Growth and Structured Finance Team was created in 2022 to provide specialist debt facilities for SMEs. Earlier this year the team expanded, making two new hires over the summer to help grow its regional coverage and meet the rising demand for its services.

Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers.

It is proud to be by the side of British business, supporting more than 1 million UK businesses with leading digital and relationship banking services, as they start up, grow, thrive and trade internationally.  

Enjoyed this? Read more from Rob Kelly

Latest news

1

Velocity seals Airbus extension worth up to $54m Velocity Composites Has Announced Its Entry Into The Us Market

Velocity seals Airbus extension worth up to $54m

08 Oct 2025

2

First speakers confirmed for Lancashire Business Day Dave Walker with Richard Slater at Lancashire Business Day

First speakers confirmed for Lancashire Business Day

08 Oct 2025

3

Hemmings steps down as PNE chairman as hunt begins for new investors Craig Hemmings

Hemmings steps down as PNE chairman as hunt begins for new investors

08 Oct 2025

4

Chamber calls for three council county Lancashire County Council County Hall

Chamber calls for three council county

08 Oct 2025

5

Victorian Plumbing reports strong financial performance Victorian Plumbing Leyland

Victorian Plumbing reports strong financial performance

07 Oct 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

Help to grow management course
Help to grow - barriers to growth.png.png
LBV Hub Seminars
26 Sep 2025 - 16 Dec 2025

Help to grow management course

Preston Campus , Preston , PR1 2HE

09:00 - 15:00

Empowering franchise growth in the North West
TFA Event - Empowering Franchise Growth.jpg.jpg
LBV Hub Seminars
09 Oct 2025 - 09 Oct 2025

Empowering franchise growth in the North West

Forbes Solicitors Sceptre Way Walton Summit Centre , Preston, PR5 6AW

08:00 - 10:00

Empowering Franchise Growth in the North West
Empowering Franchise Growth in the North West event
LBV Hub Seminars
09 Oct 2025 - 09 Oct 2025

Empowering Franchise Growth in the North West

Forbes Solicitors, Sceptre Way, Walton Summit Centre, PR5 6AW, PR6 6AW

08:00 - 10:00

Advantage: AI – A Workshop for Business Leaders – Oct 10th
Ai 10.10.png.png
LBV Hub Seminars
10 Oct 2025 - 10 Oct 2025

Advantage: AI – A Workshop for Business Leaders – Oct 10th

Door4 Office, Burnley Wharf, Burnley, BB11 1JG

09:00 - 12:00

Unlocking major project opportunities in the North West
Lancs-cham-logo.jpg.jpg
LBV Hub Seminars
15 Oct 2025 - 15 Oct 2025

Unlocking major project opportunities in the North West

Strathmore Hotel, Morecambe, LA4 5AP

08:00 - 10:00

The New Employee Rights Landscape: Day One Compliance Essentials
EventBrite NORi - 15th Oct 2025 Webinar.png.png
LBV Hub Webinar
15 Oct 2025 - 15 Oct 2025

The New Employee Rights Landscape: Day One Compliance Essentials

Microsoft Teams, Microsoft Teams, PR253XH

13:30 - 15:00

October Freelancer Meet-Up
LBV Hub Networking
16 Oct 2025 - 16 Oct 2025

October Freelancer Meet-Up

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

The Autumn Re set - pour me a wine
LBV Advert_Autumn Reset 1200 x 630px.png.png
LBV Hub Networking
16 Oct 2025 - 16 Oct 2025

The Autumn Re set - pour me a wine

The Artistry House , Preston , PR1 3JJ

17:30 - 19:30

The Business Network Central & East Lancashire
LBV Header (26).png.png
LBV Hub Networking
16 Oct 2025 - 16 Oct 2025

The Business Network Central & East Lancashire

Stanley House, Blackburn, BB2 7NP

11:30 - 14:15

RISE - Lancashire's unique leadership programme for women
thumbnail_Emma Weston Illustration WENDY BOWERS RISE Illustrstion.jpg.jpg
LBV Hub Seminars
22 Oct 2025 - 18 Mar 2026

RISE - Lancashire's unique leadership programme for women

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:30 - 15:30

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV124 Online Graphic
Subscribe now

Weekly news bulletin