Homes by Honey, founded in 2023 by former Avant homes chief executive Mark Mitchell, will use the capital across several of its sites.

This is already being deployed at a £43.1m scheme in Doncaster, delivering 184 homes, and the first phase of a £17.3m development in Witham-St-Highs with 63 homes.

By enabling sales proceeds to be reinvested, HTB’s facility allows liquidity to be sustained for these sites’ development.

"HTB’s partnership has been integral to our expansion, providing the financial agility needed to keep pace with our ambitious growth plans,” said Jeremy Gledhill, CFO at Homes by Honey.

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“With this facility in place, we are well-positioned to continue delivering high-quality homes at scale.

“Their flexible approach and deep understanding of our ambitions have allowed us to deploy capital efficiently and keep our developments moving at pace. We can continue to deliver high-quality homes at scale, confident in the financial backing that supports our vision."

Neil Leitch, managing director of Development Finance at HTB, added: “It was important for Homes by Honey to have access to a facility that could support multiple sites at different stages, and we structured a funding model that gives them the flexibility to scale without delay.

“The ability to move quickly was key - ensuring certainty, efficiency, and the right level of financial oversight from day one."