Housebuilder secures £75m loan to support building of 13,000 homes
St Modwen has agreed a £75m loan from Homes England to support the building of more than 13,000 homes.
The agreement was confirmed in the Budget by Chancellor Philip Hammond.
The money is being provided by the Homes England home building fund and is will fund infrastructure works.
Nick Walkley, chief executive of Homes England, said: "This long-term deal shows how Homes England is stepping in to disrupt the housing market and make homes happen.
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