The recently acquired, 26-acre Longmoor site has outline consent for around 500 homes, including affordable units, and has an estimated GDV of £165m.

The project is being funded through a combination of private equity from Allison Homes and a bespoke five-year debt facility from Leumi.

Guy Brocklehurst, relationship director at Leumi UK, said: “This transaction exemplifies Leumi UK's relationship-led approach and sector-specific expertise.

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“We’re proud to grow our reputation as a trusted finance partner in the housebuilding sector, and the team is thrilled to support Allison Homes in delivering one of the region’s most important residential developments, playing a role in shaping a vibrant new community for Bristol.”

Ian Trinder, chief financial officer at Allison Homes, said: “Securing the Longmoor site represents a transformative moment for our South West business.

“Its scale, location, and potential make it a cornerstone of our expansion in Bristol and beyond, providing a platform to grow our presence and impact in the region.

“With a strong SW team, led by managing director, Glyn Mabey, we look forward to progressing this development and delivering high-quality homes that the city urgently needs.

“We are also delighted to have the support of Leumi UK, whose backing has been invaluable throughout the process.”

Allison Homes will submit its Reserved Matters planning application for the development in the autumn. Its public consultation started 17th September and runs until 8th October.