Property company secures £7m for South Yorkshire expansion

Land and property development company Fenwood Estates has secured £7m funding to support growth across South Yorkshire.

The Doncaster-based company has received backing from the St Bride's White Rose Residential Partnership to support new land opportunities in South Yorkshire over the next four years.

The funding will support both the ongoing growth of the family-owned firm and the Partnership's desire to invest in residential schemes with a social and economic impact. Fenwood will use this facility to invest in one- to five-acre brownfield and greenfield sites, either with or without planning consent, across Sheffield, Doncaster, Rotherham and Barnsley.

Melissa Kroger, managing director at Fenwood Estates, said: "This is a fantastic vote of confidence to accelerate our plans to bring thoughtfully designed quality new homes to a greater number of buyers over the next four years.

"We're flexible in the one- to five-acre sites we will consider acquiring, with the technical capability to take on sites either close to major population centres or as part of urban edge extensions – including those with difficult ground conditions."

Ian Houston, partner at St Bride's Managers, said: "This is the second funding deal the Partnership has completed in South Yorkshire in the last six months and we are delighted to be supporting Fenwood with their growth plans to deliver quality homes in the region.

"We will continue to look at opportunities to back well-run housebuilding businesses who have a track record of delivering homes across South Yorkshire."

Fenwood has also recently submitted a reserved matters planning application for a mix of 28 two-, three- and four-bedroom homes close to Doncaster Sheffield Airport, on a prominent position on the crossroads of First Avenue and Hayfield Lane.

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