The scheme, known as Cliff Edge, is the second phase of the redevelopment of a former hotel site and comprises a new apartment building set over basement, ground and four upper floors, with the first phase was completed last year.

UTB is providing £15m of funding towards the completion of Phase two of Cliff Edge, which offers 32 apartments ranging in price from £250,000 to over £1m.

Paul Stephens of Stephens + Stephens commented: “We are delighted to be working with UTB on this prestigious development in Cornwall.

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“This is our first project with the bank, and we have found the whole team approachable, engaged and committed to working in collaboration with us to deliver this project.

“We are looking forward to the months ahead and working together on future schemes”.

Orla Costello, senior director of property development at UTB (pictured above), added: “We love working with people who are passionate about property and Paul (Stephens) and Helen (Stephens) are exactly that.

“They have completed many fabulous developments across Cornwall and picked up several awards for exceptional design along the way.”