The loan, from Cain International, will fund a new development at Bicester Motion, a 444-acre vehicle development site in Bicester, Oxfordshire.

Called ‘The Ranges’ this will host YASA. It will be a “substantial bespoke development” totalling 90,000 sq ft.

The loan was arranged by David Yeadon, SPF’s head of real estate debt advisory division.

John Bentley, CFO of Bicester Motion, said: “This funding enables us to support YASA’s growth plans, adding their 400-strong staff team to our thriving community.

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“Cain International has been supportive and flexible in providing us with the development funding required and has the capacity to increase its commitment as we continue to deliver our ambitious and exciting masterplan to boost future mobility discovery.”

 "It has been a pleasure working alongside John and the wider Bicester Motion team regarding this highly prestigious first phase of development at the new innovation quarter,” added SPF’s David.

“We look forward to retaining a long-standing relationship with Bicester Motion going forward. Many thanks also to Nikos [Yerolemou-Ennsgraber] and the professional team at Cain International for their support."