A £7 million loan from the Home Building Fund is supporting SME
developer, Forge New Homes, to deliver 58 much-needed new homes
at Welbeck Gardens in Bolsover, Derbyshire.
The development will provide a mix of three- and four-bedroom
homes, including a proportion of affordable homes. The
development has been designed to create a welcoming,
family-friendly neighbourhood. The site features generous green
spaces and is within easy reach of local amenities such as shops,
cafes, and schools.
Forge New Homes has secured this loan through Homes England's
Home Building Fund, which provides development finance to small
and medium-sized housebuilders that may face barriers accessing
traditional funding. The fund aims to accelerate housing delivery
and support the creation of vibrant communities across the
country.
Simon Century, Chief Investment Officer at Homes England
said:
Small and medium-sized housebuilders are essential to building
the diverse and resilient housing sector the country
needs.
Welbeck Gardens is a prime example of how we are working with
partners like Forge New Homes to support the SME
housebuilders that are crucial to building a diverse and
resilient housing sector.
Andy Beattie, Managing Director of Forge New Homes, said:
Our aim has always been to deliver new homes that are both
attainable and affordable for local people.
This partnership with Homes England is a significant step
forward, and we're grateful for their support in helping us make
these much-needed homes a reality.
To find out more about Welbeck Gardens visit: https://www.forgenewhomes.co.uk/our-developments/welbeck-gardens/
To find out more about financial support available to SME
housebuilders though the Home Building Fund visit: The Home Building Fund —
lending and investments to support housebuilding - GOV.UK
About Homes England
We are the government's housing and regeneration Agency, and
we're here to drive the creation of more affordable, quality
homes and thriving places so that everyone has a place to live
and grow.
We make this happen by working in partnership with thousands of
organisations of all sizes, using our powers, expertise, land,
capital and influence to bring investment to communities and get
more quality homes built.
Learn more about us: www.gov.uk/government/organisations/homes-england/about
