The institutionally backed fund will allow Maslow to provide rates tailored towards SMEs on loans between £10m and £35m.

Amidst the backdrop of the Bank of England's 12th consecutive interest rate hike, Maslow is providing SME housebuilders with funding with margins starting from 4.75%.

The fund will focus on living sector schemes including PBSA developments comprising 50 to 150 units, with leverage up to 70% LTGDV and 90% LTC.

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Alongside this initiative, the lender maintains its capacity to provide individual financing of up to £300m per development.

Ellis Sher, co-founder and CEO at Maslow (pictured above), said: "The strain on SMEs is palpable, particularly for those in the housebuilding sector.

“These businesses are grappling with higher base rates and an inflationary environment that significantly restricts their ability to grow.

“Our initiative aims to lower the cost of development debt at a time when it is needed most, providing these businesses with the necessary funding to thrive despite these challenges."