Homes England

Homes England funds SME developer's custom-build project



Homes England is supporting an SME developer looking to produce custom-built homes in Shropshire.

Czero Developments will build nine serviced plots for custom-build homes at Lavender Bank in Bishops Castle, Shropshire.

It will use the development finance facility from the Home Building Fund to provide the necessary infrastructure – such as roads, drainage and utilities – to deliver serviced plots for purchasers.

Plot purchasers will be able to customise their homes under a design code agreed alongside the planning permission before either commissioning Czero to build the home or employing their own contractor.

Shropshire Council is one of only 11 local authorities to have been granted custom-build ‘vanguard’ status by the Ministry of Housing, Communities and Local Government.

“Homes England uniquely understands the custom-build model and the role it can play in housing delivery, particularly on smaller sites like Lavender Bank,” said Simon Linford, director of Czero Developments.

“The Home Building Fund has met a real need with this form of lending.”

Chris Raybould, senior manager at Homes England, added: “The Home Building Fund is specifically designed to support small builders and custom builders as well as larger builders and developers.

“Given that custom-build schemes remain scarce in number, Czero Developments had found traditional development finance difficult to obtain, so we are pleased to have been able to work with them to help make this project a reality.”

 


Sign up to our newsletter to receive more news like this story

I accept that by joining the DFT mailing list, I will receive relevant news and promotional material via DFT on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.



Leave a comment


×