Shawbrook development finance team hit £2bn in funding

  • 27th February 2024

Shawbrook’s development finance business has now provided more than £2bn in funding for property developers in the UK, fuelling the creation of more than 1,200 student units.

Shawbrook’s specialist team has been able to support a wide range of significant and often-complex projects through its structured funding solutions.

Its core development finance loans are further bolstered by complementary finance solutions that suit developers’ often urgent and complicated needs. This includes the imminent launch of its Planning Assistance Loan, a short-term loan to help developers improve the planning they already have for a site, which can then switch to a tailored development finance loan to construct the project.

Terry Woodley, managing director for development finance at Shawbrook, said: “Despite facing significant hurdles in recent years, more than a third of developers in the UK (34%) have been able to expand their business in the last 12 months, demonstrating that the sector has remained resilient and flexible in the face of a volatile market.

“We’re proud to be at the forefront of lenders who are willing to support established developers across the country, providing not just the knowledgeable service they deserve, but also the flexibility and certainty they need from their funder.”

As well as student housing, Shawbrook’s investments have also focused on care homes and residential housing schemes.

Keep Updated

Sign up to our weekly property newsletter to receive the latest news.