Home Building Fund supports Shropshire Homes

SME developer, Czero Developments, are currently developing the first custom build project in Shropshire, supported by the Home Building Fund.

Homes England has agreed to provide development finance to support Czero in the creation of nine serviced plots for custom build homes. The scheme, which already has six of its nine plots reserved, will be delivered at Lavender Bank in Bishops Castle, Shropshire.

The development fund will allow Czero to deliver the necessary infrastructure such as roads, drainage and utilities, to deliver serviced plots for purchasers. Plot purchasers will be able to customise their homes under a design code agreed alongside the Planning Permission, before either commissioning Czero to build the home or employing their own contractor.

The development is the first in the county, with Shropshire Council being one of only 11 local authorities that has been granted Custom Build ‘Vanguard’ status by the Ministry of Housing, Communities and Local Government

Simon Linford, Director of Czero, summed up the advantage of the Home Building Fund: “Homes England uniquely understands the custom build model and the role it can play in housing delivery, particularly on smaller sites like Lavender Bank. The Home Building Fund has met a real need with this form of lending.”

Chris Raybould, Senior Manager at Homes England, said: “The Home Building Fund is specifically designed to support small builders and custom builders as well as larger builders and developers. Given that custom build schemes remain scarce in number, Czero Developments had found traditional development finance difficult to obtain so we are pleased to have been able to work with them to help make this project a reality.”

Homes England’s Home Building Fund helps unlock or accelerate the delivery of residential and mixed-use housing developments.

 

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