Erris Homes secures £5m for next phase of West Yorkshire development

Housebuilder Erris Homes has secured £5m funding to support the next phase of a development in West Yorkshire.The second phase of the £15.9m, 37-home development off Rochdale Road in Greetland, has been awarded funding by Paragon Bank’s development finance division.The second phase of Calder Mews will feature six of Erris Homes’ house types across a mix of 14 four- and five-bedroom detached homes. Phase two has a gross development value of £8.5m.The first phase comprised 23 three- and four-bedroom semi-detached and detached homes, with a gross development value of £7.4m.Work on phase two of the development is now underway, with the first residents expected to move into their new homes in summer 2024.As well as providing new homes for the area, Erris Homes is also contributing £95,000 to education and initiatives that will benefit the local community.Erris Homes chief executive Michael Howard said: “It’s fantastic to have secured funding for the second phase of Calder Mews following the successes we have seen across the development’s first phase.”There is high demand across the Calderdale region for high quality new homes. Erris Homes is committed to helping satisfy this demand with the range of house types which will be available at the development.”We now look forward to works progressing on the second phase to bring much-needed new homes to the locality.”A team from law firm Gordons, led by partner and head of residential development Michael Finnett, advised Erris Homes on securing the funding for the second phase of Calder Mews.