This product is aimed at experienced developers delivering units of 5,000 sq ft or less.
Terms of up to 24 months are available, with Paragon launching this in response to rising demand for modern, flexible industrial space in the UK.
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“Our new Light Industrial product reinforces our commitment to supporting ambitious SME developers and responding to structural shifts reshaping the UK’s industrial landscape,” said Neal Moy, managing director of development finance at Paragon Bank.
“Across the country, there is an undersupply for small, flexible and well?located industrial units, with SMEs increasingly looking to grow, improve their logistics capability or bring production closer to home.
“We are enabling developers to deliver the high?quality units that modern businesses need to operate, grow and scale.”
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