This has funded the construction of 43 residential open market properties with a combined GDV of £25m.

Five different SME housebuilders have been funded as a result.

The development projects include the construction of five detached houses in Scorton, North Yorkshire, with an existing Zenzic borrower. Each unit has its own private garden and garage.

Elsewhere in the country, in East Ayton, Zenzic has funded the development of nine new build houses for an experienced developer.

Submitted by The Hill Group and Poplar HARCA, for the Teviot Estate in Poplar, this will aim to provide 1,900 new homes with 35% being affordable.

This would impact eight hectares of land with both studios and family apartments being built.

If approved, the regeneration will take place over four phases and include new open green and play spaces, shops, community and faith facilities.

Phase one would aim to deliver 475 homes, with 45% designated affordable.

Subject to approval, the project is scheduled to start at the end of 2025 with the first homes expected to be completed by 2028.

The entire project is expected to be completed by 2042.

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Andy Hill OBE, group CEO at The Hill Group, said: “The regeneration of Teviot is going to change the lives of thousands of residents, bringing high-quality homes and improved wellbeing.

“The community has been at the heart of the plans since conception and we are committed to delivering on our promises to residents, collaborating to create an improved neighbourhood for all.

“We know that people not only want better quality, energy-efficient homes, but also improved access to jobs, more support for young people and less fear of crime, so we are pleased to reach this important milestone in rewriting the future for this community.”

Both Hill Group and Poplar HARCA have consulted with Teviot residents over these plans, with architects BPTW creating the designs.

A total of £427,500 has already been invested in local projects through the Teviot Community Chest Fund. According to the press announcement, Hill Group and Poplar HARCA estimate £278m will be created in social value by the regeneration.

Paul Dooley, director of regeneration and development at Poplar HARCA, added: “In partnership with The Hill Group, the project has already made a real impact in terms of social value. Local residents have been instrumental in shaping these plans and we are committed to making sure this exciting programme of regeneration reflects the things that matter most to them.”