The announcement also includes news of a partial land sale to Barratt Homes following the completion of initial infrastructure.

This development signals progress in the strategic plans of RoundShield and Ambassador Group, laying the foundation for future projects in Scotland.

The loan from OakNorth will not only support the delivery of the initial 74-home phase of development but also contribute to ongoing infrastructure improvements at the Bangour Village site in West Lothian.

•   The Finance Professional Show 2023: The Video
•   LGIM bolsters Unite relationship with £150m senior loan
•   Construction output falls in February but still 'confidence and optimism among the sector'

The initial phase will deliver 51 energy-efficient new-build homes and the first 23 refurbished apartments within existing listed heritage buildings retained on the estate.

The project aims to introduce up to 998 energy-efficient homes to a distinctive new village settlement just outside Livingston, benefiting from excellent transport links to Edinburgh and Glasgow.

As part of the initiative and development plans, 13 listed heritage buildings will be retained and refurbished, and 20% of the new-build homes will be designated as affordable housing.

The brand-new community will also enjoy amenities such as a primary school, nursery, playing fields, and a commercial hub comprising a supermarket, café/restaurant, and other retail facilities.

Barratt is anticipated to start construction on site this spring.