UNBOUNCE - HELP GUIDE - LOGO - PORTFOLIO BRADLEY HALL - Flipbook - Page 24
LAND & DEVELOPMENT
OPPORTUNITIES
GROW FOR
NORTH EAST
HOUSEBUILDERS
By Jonathan Rudge, head of land, development and new homes
Since the recession, and until very recently, funding for
small to medium sized housebuilders has been very limited.
This has had a signicant impact on
the supply of new homes in our region as
while the market leading national brands
have continued to grow, construction
amongst the SME housebuilding sector
has stagnated. This has left many smaller
or peripheral sites undeveloped. Such
sites make up a core part of regional Local
Plans and are a vital component of
delivering Government targets on housing
delivery.
Furthermore, SME housebuilders are
often responsible for some of the most
innovative and highest quality homes
coming to market and so boosting activity
in this sector not only adds vital supply
but also necessary variety for consumers.
More recently we have seen a positive
increase in the supply of nance to SME
housebuilding that should act as a real
boost for the region’s housing sector. In
particular there are a growing number of
banks, private investors and wealth
managers that are looking to support
innovative development. In addition, the
Public Sector is also taking a proactive
approach to tackling the country’s housing
shortage.
One such boost to this sector is the
Government’s Home Building Fund,
introduced by Homes England, which is a
£3 billion fund to increase the number of
homes built in England. Beneciaries of
this fund include private sector business
which build new homes or prepare sites
for housing developments, including
small, community and custom builders
and regeneration specialists, as well as
larger builders and developers.
Loans of £250,000 to £250 million are
available with smaller loans considered for
innovative housing solutions and serviced
plots and nance available until 31 March
2021.
Bradley Hall’s partnership with Homes
England has extended to being appointed
to its Property Professional Services
Framework. The appointment to this
national panel will see Bradley Hall
become key advisors on future
government housing projects and working
with housebuilders and Homes England in
boosting development through this
funding programme. This will allow us to
continue to deliver best in class residential
services in the North East whilst also
taking on projects further aeld.
Local housebuilders also have the
option of using local fund managers to
gain vital nancial support to create new
homes. FW Capital, which is featured
later in Portfolio, has introduced the
North East Property Fund - created to
support construction SME’s across Tyne
and Wear, Northumberland and County
Durham with loans of up to £1 million.
Such funding opportunities have
resulted in a range of fantastic and
bespoke new build developments across
our region, each providing high quality
homes across several fantastic locations.
Smaller sites often occupy areas within a
short distance of local towns, cities and
transport links, oering house buyers the
opportunity to live in a tranquil and more
rural setting.
In recent years, we have noted a sharp
rise in the number of developments
created across the region. Bradley Hall
has recently been instructed to market
around £91.5m of new build stock , a
good percentage of which has been
funded by such organisations, including
Town End Farm, Bishop Middleham. This
development is a luxury farmhouse
conversion which is nearing completion
This is a prosperous and exciting time
for the sector as the North East has a
number of talented and passionate
developers and builders who now have
the opportunity to access a number of
funding options to get their projects o
the ground.
For more information on Bradley Hall’s land, development and new homes department please call 0191 232 8080.
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PORTFOLIO MAGAZINE
