Poole-based Wyatt Homes has secured a multi-million-pound finance package from HSBC UK and Homes England’s Home Building Fund.
The investment supports ambitions to build more than 300 homes a year at handpicked developments across Dorset, Hampshire, Somerset and Wiltshire.
This follows a previous deal with HSBC UK and Homes England that enabled the company to build 1,000 new family homes across multiple developments including Luzborough Green in Romsey, Weatherbury Place in Puddletown, Harbour Ridge at Canford Cliffs, and Chapel Fields in South Petherton.
Managing director of Wyatt Homes, Shaun Pettitt, 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, commented: “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.”
Nigel Barclay, director of loans at Homes England, added: “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.”
