Investment from Finance Birmingham’s regional mezzanine fund – which is worth £56m – is open to all SMEs in the West Midlands.
HDD is currently located in Nottingham, but will relocate its head office to Birmingham city centre to deliver a variety of projects across the West Midlands.
These include the £80m Lichfield Friarsgate town centre development and the £30m mixed-used Lawley Village in Telford.
The new Birmingham base will allow HDD to expand, adding to its capacity to bid for and deliver more projects across the UK.
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Scott Davidson, chief executive of HDD, said: “We’re currently working on a number of exciting schemes across the UK and the investment from Finance Birmingham will help us to leverage the success of previous and current projects, helping the business to expand and ultimately accelerating our growth.
“We are close to securing premises in central Birmingham and are looking forward to pursuing the next stage of growth from a Birmingham base.”
Graham Mold, investment director at Finance Birmingham, said: “One of the objectives of Finance Birmingham’s mezzanine fund is to help provide liquidity to property development companies to accelerate their growth and this is exactly what we have done with HDD.
“Scott and the rest of the team at HDD have a fantastic track record and we are delighted to help them seize the many opportunities that they are seeing in a buoyant market.”