HGP provides £1.85 million of equity to fund Stancliffe Homes’ 47-home development in the Midlands
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Housing Growth Partnership (“HGP”) has provided Stancliffe Homes with £1.85 million of equity to bring forward the delivery of 47 homes in Tansley, on the edge of the Peak District.
Comprising a mix of two to five bed semi-detached and detached houses, along with two-three bed bungalows, the Tansley scheme will also include six affordable homes. Each home will benefit from solar provision and be EPC A rated.
The housing mix has been carefully designed to attract families commuting to the nearby employment hubs of Chesterfield, Derby, Sheffield and Nottingham, all of which are c. 30 minutes away by car and accessible via nearby public transport links. Tansley is a popular visitor destination less than 2.5 miles east of the Peak District National Park and 14 miles from Derby.
Stancliffe Homes is an established developer in the Midlands where is has delivered over 170 homes since 2018. The investment is HGP’s second alongside Stancliffe homes, following a £1 million investment to support the delivery of a 76 home scheme in Worksop in Nottinghamshire.
Mike Murphy, Midlands & Wales Investment Director of HGP commented: “The Stancliffe team has a successful track record building much needed, high quality homes across the Midlands. We’re excited to strengthen our partnership with Stancliffe, including offering expert advice through our board of Senior Advisors.”
Sam Jones, Director of Stancliffe Homes commented: “HGP’s unique offering and approach to investment in housebuilding has been key in bringing our latest scheme in Derbyshire to fruition. The team at HGP have proved to be a steadfast and highly supportive partner for is in the past and we’re very pleased to be working together again to deliver more high-quality, energy efficient homes in our area.”
