Rippon Homes opens its doors to HGP investment
Social impact investor Housing Growth Partnership (HGP) and Midlands-based developer Rippon Homes 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 £1.6m to the developer to help bring high quality new homes to the village of Woodhall Spa. Woodhall Spa is an attractive village located 13 miles east of Lincoln with good transport links making it a suitable destination for commuters into Lincoln, Sleaford and Newark. The village is noted for its nearby golf club and is recognised as the base for England Golf, being the governing body for amateur golf in England and also boasts The Kinema in the Woods (the only fully functioning cinema in the UK to employ back projection, tucked away in the woodland).
The scheme on Tattershall Road, to be named Woodcock Grange”, is HGP’s first investment alongside Rippon Homes and is set to deliver a mix of one to four bedroom home styles, including bungalows, which will benefit from single or double garages as well as a private garden. The homeswill be suitable for a range of buyers including first-time buyers, singles, couples, retirees as well as families and will be available for sale towards the end of 2022.
Rippon Homes, founded in 1953, has an impressive track record of delivering quality homes in desirable locations. Rippon Homes sees partnering with HGP as a great opportunity to allow the business to scale further and bring new developments to market.
Mike Murphy, HGP investment director, said: “We’re extremely proud and excited to be working with Rippon Homes for the first time to enable the company to grow its already impressive portfolio of developments. “With our eyes firmly fixed on the future, we are now in discussions about the sites that are in the pipeline and we look forward to working with Ian and the team moving forwards”
Ian Dyke, managing director at Rippon Homes, said: “This investment will be pivotal to our growth and we’re excited to be on this journey with a trusted investment partner.”
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://www.ripponhomes.co.uk/find-a-new-home/woodcock-grange/.