Hundreds of families across Dorset, Hampshire and Somerset will
be moving into brand new homes over the next five years thanks to
a multi-million-pound finance package from the Government’s
Levelling Up Home Building Fund and HSBC UK.
The finance package sees Homes England and HSBC UK working in
partnership to provide funding that will enable Wyatt Homes to
accelerate delivery of over 1,000 new family homes across
multiple sites.
Of the 1,000 new homes being built, approximately 30 per cent
will be affordable, with the aim of addressing the lack of
affordable properties across Dorset, Hampshire and Somerset.
Neil Elliott, Head of Structured Real Estate Finance at Homes
England, added: “We are excited to be working in partnership with
HSBC UK and Wyatt Homes. Our Mezzanine funding further
demonstrates our commitment to support SME housebuilders and to
working with one of the UK’s largest banks to deliver much-needed
new homes.”
Hadyn Beazer, Finance Director at Wyatt Homes, commented:
“Getting the right level of funding has been challenging for SMEs
in recent years. We have built up a strong land bank over the
last 15 years, so securing this funding package is a key
milestone in meeting the growth aspirations we want to achieve at
Wyatt Homes. We look forward to working with both HSBC UK and
Homes England to unlock our exciting pipeline projects and then
deliver great homes over the next five years.”
Hugh Taylor, Head of Housing at HSBC UK, said: “Wyatt Homes is an
established South West house builder with a reputation for
delivering quality homes. The business has ambitious growth plans
underpinned by a significant land bank. We are also delighted to
work in collaboration with Homes England, putting in place a
funding package to support the planned growth and accelerate the
delivery of new homes in the region. We are pleased to welcome
Wyatt Homes as a new HSBC UK customer.”
Wyatt Homes, headquartered in Poole, is a well-established
traditional housebuilder, with a track record of delivering
award-winning homes in the South West for over 30 years.
