The second phase of a residential scheme near Huddersfield, West Yorkshire, has launched after local housebuilder Vivly Living partnered with Hampshire Trust Bank.
The bank provided a £13.68million development facility, which will be used to build 52 new build homes, targeting local families and first-time buyers.
The scheme, at Knowle Grange in Shepley, has planning consent and will be delivered for private sale.
Harry Bhogal, lending director at Hampshire Trust Bank, said: “This was a strong Phase 2 scheme with clear fundamentals, but it required a lender willing to take a considered view on leverage and delivery.
“Our focus was on providing certainty and clarity from the outset, so the client could progress with confidence. It’s exactly the type of regional development we’re set up to support.”
All homes will be freehold and are forecast to achieve EPC A ratings.
There are currently 31 homes on site from the first phase.
George Butterfield, director at Vivly Living, added: “We are now on site and working towards our new Show Home launch in March, and bringing much needed A-rated energy efficient homes to the village of Shepley.”