Housing Growth Partnership expands Midlands and Wales team
The Housing Growth Partnership (HGP) has expanded its Midlands and Wales team to help address housing affordability by providing support to the regional residential development community to increase the number of new homes built in the UK.
Backed by Lloyds Banking Group and Homes England, HGP’s mission is to increase the diversity and supply of homes built in the UK, by partnering with housebuilders and residential developers to support the sustainable growth of their businesses, increasing the number of homes they can produce.
HGP do this by providing equity support to small and medium sized housebuilders on a site specific basis in return for a share of the scheme profit with the idea that this frees up housebuilders equity to grow their business and ultimately build more homes.
More information about HGP can be found at https://www.housinggrowth.com/.
The newly enlarged team comprises Mike Murphy, investment director, Matthew Smith, investment manager and Kira Swannell, investment associate.
Murphy said: “I have been specialising within the residential development market place for the past 20 years providing senior debt facilities. In my previous role I worked closely with HGP on a number of schemes and saw how their involvement provided my customers with the equity they needed to achieve their growth ambitions in a risk adjusted way.
“HGP is a social impact investor and acts as a true partner throughout the life of the project, providing support and guidance, as required, to help housebuilders grow.
“Through this offering, HGP can leverage non-financial support through a panel of senior advisors, a group of experienced industry experts with a background in senior management roles with regional and national housebuilders, who can mentor HGP’s partners or be involved on a more issue specific basis, depending on the housebuilders need.
“Therefore when the opportunity came up to lead the team in the Midlands & Wales it was an opportunity too good to pass up and I am excited about growing HGP’s presence across the Midlands and Wales. If you are a small and medium housebuilder / developer who is looking for equity to scale up existing operations, don’t hesitate to reach out and we can discuss further how we might be able to partner with yourself and your business. Also please do visit our website for more information about who we are, how we work and what we do.”