Market Leads & Opportunities
Seven figure finance package supports new housing project
A Cannock-based housing developer is expanding its footprint in the region with a new development of more than 50 properties thanks to a seven-figure finance package from Lloyds Bank.Marshall Bell Ltd, owned by husband and wife duo Marshall and Mandy Bell, embarked on the new development at The Farm in Pye Green after receiving a £1.3m from Lloyds.The first phase of the project, including 28 affordable houses aimed predominantly at first-time buyers, has completed this year, with the first buyers moving in in April.The firm is currently undertaking the second phase of development, which will include a further 24 houses, supported by an additional £1.3m loan as part of Lloyds Bank’s Clean Growth Finance Initiative.
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