Homes England funds Shropshire’s first custom-build scheme
The body responsible for providing land for new housing development has completed a deal financing the first custom-build housing scheme in Shropshire.
Homes England has funded SME developer Czero Developments in its bid to provide nine serviced plots for the new development.
The scheme, which already has six of its nine plots reserved, is being delivered at Lavender Bank in Bishops Castle.
Using its development facility from the Home Building Fund, Czero will provide 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.
Shropshire County Council is one of only 11 local authorities to have been granted Custom Build ‘Vanguard’ status by the Department for Housing, Communities and Local Government.
Simon Linford, director of Czero, said: “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, added: “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.”
How the Lavender Bank scheme will look
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