Eco homes community backed by bank funding

Historic cow sheds and a milking parlour in a Suffolk village are being converted into eco homes in a £2.7m project by property developer BAC Woodbridge, with support from Lloyds Bank.The Lower Barn Farm development, on the outskirts of the village of Baylham, will create a green community of nine homes, ranging in size from one- to four-bedsThe business secured £1.65m via Lloyds Bank’s Clean Growth Finance Initiative (CFGI) – a discounted lending scheme designed to help businesses invest in reducing their environmental impact.The former dairy farm buildings have been upgraded using the CGFI funding to feature a host of green measures. This includes air source heat pumps, solar panels, underfloor heating, electric vehicle charging points and insulation to help minimise their carbon footprint and cut bills for the eventual occupiers.Three of the homes have already been sold off-plan including one of the barns. All the homes are set to be completed by spring 2022.Director Ben Brumby started the business ten years ago after the former electrician was inspired by the experience of building his own home.BAC Woodbridge has since developed 30 homes in the local area. The homes are being built by Colchester-based Simmons Building Services and sold through East Links Residential.