HGP supports female-led developer, this International Women’s Day
As organisations around the world recognise International Women’s Day today, 8th March, 2022, social impact investor Housing Growth Partnership (“HGP”) is pleased to have agreed a financial investment with an ambitious female-led property development business based in Edinburgh.
Housing Growth Partnership (HGP) has today announced an investment deal worth £1.5m into the Whiteburn group. This is a significant investment in the established Scottish developer who are now focusing on design led residential development across Scotland. The injection, is part of HGP’s newly created £300m property fund for SME developers and will bring much needed new housing to the Kingdom of Fife.
Whiteburn Projects Limited is run by Managing Director Eve McCurrich, currently 50% of the employees are female. Commenting, Ms. McCurrich, who has spent nearly 20 years working in residential development, said: “The investment from HGP has come at a great time and will enable us to progress plans at our Viewforth development in Kirkcaldy, Fife, where construction work is now getting underway.
“The development will be built in the grounds of the former Viewforth High School and will comprise 72 two-, three- and four-bedroom homes as well as 15 affordable properties for local people in need of high quality contemporary accommodation – and importantly a place to call home.”
Ross Baird, Investment Manager of HGP, commented “Eve is an impressive operator, who is very focussed on delivering a high quality product with sustainability and open plan living at its core. We are delighted to back Eve and the Whiteburn team on this development, and are already exploring further investment opportunities to support their ambitious growth plans”.
On International Women’s Day it is great to be able to acknowledge Eve and the team’s contribution to the sector, and it will hopefully inspire even more to follow in Eve and her colleagues footsteps in the future”.