Social impact investor Housing Growth Partnership (HGP) is backing a site by Bowbridge Homes with a £2.2million investment, bringing 48 homes to Leicestershire, including custom build plots.
The site, in the village of Frisby on the Wreake is split into 32 open market homes, with an additional eight affordable and eight custom build opportunities – making the site a first for HGP in terms of custom build housing.
Oliver Purday, director of Bowbridge Homes, said: “The scheme is the latest step forward in the growth of Bowbridge Homes and we are delighted that the development – and our on-going growth – is being supported through our continuing partnership with HGP.” Commenting on custom building in general, he added, “this is an evolving area in the UK housing market with a lot of potential”.
Mike Murphy, HGP’s Midlands and Wales investment director, said: “The Housing Growth Partnership (HGP) is delighted to be backing Bowbridge Homes on this exciting new project which includes 8 custom build plots, marking HGP’s first involvement with custom build housing which comes at a time when “Self and Custom Building” is high on the Government’s agenda.
“Backed by Lloyds Bank and Homes England, HGP are helping to address housing affordability by providing equity investment to the regional residential development community on a site specific basis to increase the number of new homes built in the UK, and we are keen to support all a variety of residential asset classes including self and custom build, an exciting part of the market currently with a lot of potential for future growth.”
Plan by Welland Group
