HSBC and NatWest further partnership with SME housebuilder
Housebuilder Allison Homes has completed a £165m financing deal with HSBC, NatWest and Homes England.
The package will be provided via the government’s Home Building Fund, designed to help SME housebuilders overcome funding barriers in order to build homes more quickly.
Allison Homes said this will support its goal of building 2,000 homes annually by 2027, as laid out in its five-year plan, by supporting faster land acquisition deals and development as well as increasing affordable housing delivery.
Ian Trinder, chief financial officer at Allison Homes, said: “Regional homebuilders, like Allison Homes, play a crucial role in delivering the housing needed to meet local and national demand, while also investing in infrastructure, creating jobs and supporting the local economy.
“Over the past year, we’ve taken decisive steps to strengthen the business for the long term - investing heavily in land, regional growth, operational infrastructure, systems and our people.
”We’ve also grown unit sales from 626 to 808 and revenue from £154m to £202m, with a significant focus on recurring partnership revenue alongside open market sales.”
HSBC and NatWest are existing lenders of Allison Homes, while Homes England is a new addition.
Allison Homes operates across the East of England, the Midlands and the Southwest.
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