Homes England is supporting SME developer, Forge New Homes with a £7m loan to deliver 58 new properties at Welbeck Gardens in Bolsover.
The Derbyshire development will provide a mix of three- and four-bedroom homes, including a proportion of affordable homes.
Forge New Homes has secured the loan through Homes England’s Home Building Fund, which provides development finance to small and medium-sized housebuilders that may face barriers accessing traditional funding.
Simon Century, chief investment officer at Homes England, said: “Small and medium-sized housebuilders are essential to building the diverse and resilient housing sector the country needs.
“Welbeck Gardens is a prime example of how we are working with partners like Forge New Homes to support the SME housebuilders that are crucial to building a diverse and resilient housing sector.”
Andy Beattie, managing director of Forge New Homes, said: “Our aim has always been to deliver new homes that are both attainable and affordable for local people.
“This partnership with Homes England is a significant step forward, and we’re grateful for their support in helping us make these much-needed homes a reality.”
