Funding unlocks housing scheme in Derbyshire

A Derbyshire housing scheme is progressing after securing a multi-million-pound funding agreement.

Leonard Curtis has arranged a £3.85 million development finance deal for Stanton Developments, enabling the construction of 16 homes in Findern, South Derbyshire.

The funding, provided by Hampshire Trust Bank, has been structured to align with the project’s build costs, timelines and sales strategy, helping bring the scheme forward.

Andrew Turner, director at Derby-based Stanton Developments, said: “We have been delivering homes around Derby for over a decade and, having built a reputation for high-quality, aspirational homes, it was time to take the next step.

“Leonard Curtis helped us to get a stable footing on the next stage of our evolution by brokering this deal with Hampshire Trust Bank. 

“For mid-tier house builders like Stanton Developments, it is challenging to scale up but Sarah Hewitt and her team show deals like this can be done with the correct support.”

“We employ around 20 people directly – groundworkers, bricklayers, carpenters – all of them living within a ten mile radius of the site. 

“Being able to sustain that level of local employment and serve the economy with jobs as well as new homes is a major part of who we are.”

Sarah Hewitt, head of commercial real estate at Leonard Curtis, which was introduced to Stanton Developments by Lloyd Housten, of Derwent Financial Planning, added: “We’re delighted to have supported Stanton Developments on this project. 

“Their commitment to high-quality residential development gave us a strong foundation to structure the right funding solution, enabling the delivery of 16 much-needed new homes. 

“This deal reflects the value of close collaboration between developer, lender and advisors and we’re pleased to have helped bring the project forward.”

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