This funding line will be used to enable SME residential developers around the UK, taking Clearwell’s total residential development finance capacity over £250m.

This includes £100m from Fasanara Capital, a long-standing partner of Clearwell’s.

Clearwell is now seeking experienced SME developers with strong track records that it can provide with finance.

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“Both HSBC and Fasanara share our long-term vision and commitment to SME developers,” said Ed Marley Shaw, CEO at Clearwell Capital (pictured above).

“This facility reflects our institutional readiness and our belief in doing development finance the right way.

“We can now focus on what we do best: backing deliverable housing projects across the UK.”

Francesco Filia, CEO at Fasanara Capital, added: “Clearwell remains at the forefront of the use of intelligent systems to deliver asset-based lending.

“The addition of HSBC provides added firepower, helping our funds deliver scalable, real-economy impact in UK housing.”