Trent & Dove Housing has secured £50m in funding to expand its development programme in Derbyshire, Staffordshire and Leicestershire, with the support of the Anthony Collins’ funding team.
The funding, which has been secured through the Affordable Homes Guarantee Scheme (AHGS), will enable the delivery of a further 200 new homes, and help to meet the cost of vital improvements to existing housing stock. The lender is Saltaire Housing Limited, a wholly owned subsidiary of Venn, which manages the AHGS on behalf of the Government.
Jan Griffiths, Resourcing Director at Trent & Dove Housing, said: “This new facility means we can press ahead with delivering our development plans in areas of the country where high-quality affordable homes are in short supply. It also means we can continue to invest in improving and maintaining our existing properties to ensure they don’t just meet but exceed decent homes standards.
“I am grateful to the advisory teams that have supported us during this transaction, helping to make the process as streamlined and hassle free as possible.”
Jon Coane, Partner and Head of Funding at Anthony Collins, commented: “This funding project will help Trent & Dove build more essential housing and continue to improve the homes of their existing customers. We’re proud to have played a role in bringing this important finance deal to completion and helping Trent & Dove to invest more in their communities.”
Working alongside the funding team at Anthony Collins, were a team of financial consultants at Savills UK.
Header image: Jon Coane, Partner and Head of Funding at Anthony Collins
