HGP have partnered with Cora, investing £1.90m to deliver 65 units in Stoke Golding, Leicestershire.
Social impact investor Housing Growth Partnership (HGP) and Midlands-based developer Cora are proud to announce their most recent partnership to help bring about the delivery of houses to benefit local people and communities.
HGP, which is backed by Lloyds Bank and Homes England, has awarded an investment of £1.9m to the developer to help bring high quality new homes to the village of Stoke Golding. Stoke Golding is a charming and historic village located in the heart of Leicestershire and is known for its friendly community. The village is surrounded by beautiful countryside, providing ample opportunities for outdoor activities such as hiking, cycling and boat rides along the tranquil Ashby-de-la-Zouch canal. It is also home to the historic St Margaret’s Church, which dates back to the 12th century and is a must-see for history buffs. It’s also known for the Battle of Bosworth Field, which took place nearby in 1485 and played a crucial role in the War of the Roses.
The scheme in Stoke Golding, to be named “Stoche Acre” is HGP’s first investment alongside Cora and is set to deliver a mix of 2 to 5 bedroom home styles, which will benefit from allocated garages and parking, as well as electric vehicle charging points. The development is conveniently located for travel to larger surrounding towns and cities and the perfect balance of serenity and accessibility makes the homes an ideal location for first-time buyers, singles, couples, retirees as well as families. More information can be found on the Cora website, with the homes available for sale towards the end of 2023.
Cora, are a well-established local developer with a strong track record and excellent reputation delivering homes in the Midlands, with a mission to create amazing places, by building and enhancing green, safe and sustainable neighbourhoods with infrastructure for the long term.
Mike Murphy, Midlands & Wales Investment Director of HGP commented “We are delighted to be working alongside Cora to deliver 65 units in an attractive location in Leicestershire. The management team are looking to grow their business further and the investment of HGP allows Cora to stretch their equity, efficiently deploying its capital in order to accelerate other schemes within their pipeline. We look forward to working with Cora to support them with their exciting growth ambitions moving forwards”.
Luke Simmons, Managing Director at Cora, said “We are delighted to be working alongside HGP who share our vision for creating communities that put people and the environment first. Their support will allow us to deliver more excellent quality, energy efficient and low maintenance homes here in the Midlands, building communities that promote health, happiness and wellbeing. Creating amazing places like Stoche Acre is what drives us as a business, and we look forward to showcasing another thriving, climate-resilient community here in Leicestershire.”
If you are housebuilder looking for growth and to accelerate your business through funding get in touch with HGP today. For further information about the new homes for sale visit https://cora.uk/development/stoche-acre/#location