It follows a previous finance package provided by Homes England and HSBC UK in 2022
Families across the South of England will soon benefit from hundreds of new homes, made possible by a multi-million-pound finance package provided to housing developer Wyatt Homes by Homes England's Home Building Fund and HSBC UK.
The Home Building Fund is one of the ways that the Agency works with the private sector to deliver on the Government's mission to build 1.5 million homes this parliament.
This particular finance package will enable Wyatt Homes to grow its output to build over 300 homes year across developments in Dorset, Hampshire, Somerset and Wiltshire, which will include the delivery of much needed new affordable housing.
The previous finance package provided by Homes England and HSBC UK in 2022 accelerated the delivery of over 1,000 new family homes across multiple sites.
Nigel Barclay, Director of Loans at Homes England, said:
As the Government's housing and regeneration agency, we are committed to working in partnership with organisations in both the public and private sector, to achieve their ambitions and develop much needed new homes across the country.
Supporting Wyatt Homes' ambition to grow housing delivery to over 300 homes per year across developments in Dorset, Hampshire, Somerset and Wiltshire is an excellent example of how the Agency's Home Building Fund can be deployed alongside private sector capital from HSBC UK, to deliver high quality new homes in priority locations while supporting the growth of small and medium house builders, that are crucial to building a diverse and resilient housing sector.
Shaun Pettitt, Managing Director at Wyatt Homes, said:
This funding is a pivotal step for us, as we look to scale up and bolster the delivery of hundreds of new homes. Our commitment to quality of design and high standards of construction remains unwavering as we expand our operations through the delivery of a significant pipeline of new developments. In doing so, we will continue to strive to provide not only essential housing, but also to build vibrant, long-lasting communities that will stand the test of time.
Dan Wright, Head of Housing at HSBC UK, added:
Having supported Wyatt Homes over the past five years, we're thrilled to continue backing its growth journey. This substantial finance package will bolster the business's operations, enabling it to increase its annual output and address the urgent need for housing in the South of England. Additionally, the financing strengthens our expanding partnership with Homes England to support housebuilding across the country.
Wyatt Homes, headquartered in Poole, is a well-established traditional housebuilder, with a track record of delivering award-winning homes in the South for over 30 years.
Previous developments include: Luzborough Green in Romsey, Weatherbury Place in Puddletown, Harbour Ridge at Canford Cliffs, and Chapel Fields in South Petherton.
Notes
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: https://www.gov.uk/government/organisations/homes-england/about
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