During this time the housebuilder completed over 2,800 new homes, as revealed in its latest financial results.

Improved sales activity, especially in the final quarter, contributed to this performance with an average selling price of £613,000.

The Hill Group has entered the current financial year with 40% forward sales.

In this 12-month period, The Hill Group invested £77.9m in new land acquisitions to bring its total land and work-in-progress holdings to £638.9m.

Net assets increased to £431.8m and net cash rose to £118.3m with the group fully repaying its revolving credit strategy.

The housebuilder’s development pipeline now consists of 32,000 homes, with planning secured for 10,200 and a further 1,500 controlled on a subject to planning basis.

This pipeline is forecast to generate over £12.5bn in future gross development value.

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This year marks the culmination of a five-year business plan put into action in 2020, with The Hill Group now launching a new strategy to take it up to 2030.

The new five-year plan will see The Hill Group reaffirm its commitment to partnership-led development and mixed-tenure housing.

Growth will also be targeted in existing regions and sectors such as Build to Rent, estate regeneration and new towns.

“With a robust pipeline, a strong balance sheet and an experienced team, we are starting the next chapter of our journey with real momentum,” said Andy Hill OBE, founder and group CEO at The Hill Group.

“As we invest and scale for growth, we cannot ignore the structural issues within the current housing market.

“We urge the government to take bold action by accelerating planning decisions, assisting with solutions to fund increased affordable housing going forward, and introducing targeted measures to support first-time buyers.”