The Housing Accelerator Fund will provide construction
loans between £1m and £10m. The alliance will improve
access to finance offered to smaller builders and drive
the continued diversification of the housing market
over the coming years. Applications are being accepted
from today and prospective borrowers should contact UTB
using the details below.
Gordon More, Chief Investment Officer, Homes England
said: “The Housing Accelerator Fund is open for
business from today. In line with Homes England’s
commitment to supporting SMEs, it will help smaller
builders get on and build now, as well as improve the
lending landscape for SMEs by driving competition in
the market, improving choice and encouraging
innovation. United Trust Bank has consistently
supported housebuilders of all sizes and is an
experienced and capable lender, we’re pleased to be
collaborating with them on this long-term partnership
and look forward to seeing the fund support the
delivery of new homes across the country.”
Noel Meredith, Executive Director, United Trust Bank
said: “SME housebuilders have a vital role to play in
delivering the UK’s new housing needs and UTB has
amassed considerable experience helping such businesses
to complete thousands of successful developments. This
is an exciting new partnership with Homes England which
will make a real difference to both long established
and newly formed development companies requiring
competitive funding and the long-term support of a
knowledgeable and experienced specialist lender. This
alliance will help to reinvigorate and increase
diversity in the SME housebuilding sector, and boost
housing supply in areas under the greatest
affordability pressures.”
Housing Minister, Rt Hon MP said: “It is a top priority for this
Government to build the homes this country needs and it
is vital for our economic recovery that we support as
many as possible within the house-building industry to
deliver these homes. “I welcome the announcement of the
alliance between Homes England and United Trust Bank –
this is win-win. It will not only support our
commitment to build more homes, but also give smaller
developers easier access to finance.”
For more information, please visit the United Trust
Bank website email development@utbank.co.uk or call 020
7190 5555.
Notes to editors For further information about United
Trust Bank: Jason Wyer-Smith – 42 PR: Email:
jason@42pr.com / Mobile: 07824 818242 About United
Trust Bank United Trust Bank (UTB) is an expanding UK
specialist bank founded in 1955 providing a wide range
of secured funding facilities for individuals and
businesses and deposit accounts for individuals,
businesses and charities. The Bank has dedicated
divisions providing development finance, bridging
finance, structured finance, asset finance and
mortgages and their in-depth knowledge combined with
commercial awareness makes it the lender of choice for
finance brokers, developers and individuals seeking a
high quality, bespoke service and a reliable source of
funding.
