Families across the South of England will soon benefit from hundreds of new
homes, made possible by a multi-million-pound finance package provided to
housing developer Wyatt Homes by Homes England’s Home Building Fund and HSBC
UK.
The Home Building Fund is one of the ways that the Agency works with the
private sector to deliver on the Government’s mission to build 1.5 million
homes this parliament.
This particular finance package will enable Wyatt Homes to grow its output
to build over 300 homes year across developments in Dorset, Hampshire, Somerset
and Wiltshire, which will include the delivery of much needed new affordable
housing.
Image: Wyatt Homes’ Rivers Edge Development in Wimborne
The previous finance package provided by Homes England and HSBC UK in 2022
accelerated the delivery of over 1,000 new family homes across multiple sites.
Nigel Barclay, Director of Loans at Homes England, said: “As the
Government’s housing and regeneration agency, we are committed to working in
partnership with organisations in both the public and private sector, to
achieve their ambitions and develop much needed new homes across the country.
“Supporting Wyatt Homes’ ambition to grow housing delivery
to over 300 homes per year across developments in Dorset, Hampshire, Somerset
and Wiltshire is an excellent example of how the Agency’s Home Building Fund
can be deployed alongside private sector capital from HSBC UK, to deliver high
quality new homes in priority locations while supporting the growth of small
and medium house builders, that are crucial to building a diverse and resilient
housing sector.”
Shaun Pettitt, Managing Director at Wyatt Homes, said: “This funding is a
pivotal step for us, as we look to scale up and bolster the delivery of
hundreds of new homes. Our commitment to quality of design and high standards
of construction remains unwavering as we expand our operations through the
delivery of a significant pipeline of new developments. In doing so, we
will continue to strive to provide not only essential housing, but also to
build vibrant, long-lasting communities that will stand the test of time.”
Dan Wright, Head of Housing at HSBC UK, added: “Having supported Wyatt Homes
over the past five years, we’re thrilled to continue backing its growth
journey. This substantial finance package will bolster the business’s
operations, enabling it to increase its annual output and address the urgent
need for housing in the South of England. Additionally, the financing
strengthens our expanding partnership with Homes England to support
housebuilding across the country.”
Wyatt Homes, headquartered in Poole, is a well-established traditional
housebuilder, with a track record of delivering award-winning homes in the
South for over 30 years.
Previous developments include: Luzborough Green in Romsey, Weatherbury Place
in Puddletown, Harbour Ridge at Canford Cliffs, and Chapel Fields in South
Petherton.
