United Trust Bank has approved £13 million in acquisition and development finance for a residential complex comprising 33 housing units in Birkdale. Birkdale is a coastal town in northwest England. The funds were granted to Oakwood Group, a regional housebuilder established in 2014, specialising in the development of high-quality residential properties.
The project involves the construction of a total of 33 new homes. This development will help meet the demand for high-quality housing in the region and strengthen local infrastructure. Birkdale is known for its attractive location and good transport links, making it a sought-after location for property developments.
Significance of the funding for the region
The funding from United Trust Bank underscores confidence in the economic viability and potential of the project. Such investments are of great importance for regional development, as they not only create new housing but also generate jobs in construction and related services. They also support local supply chains and contribute to strengthening the regional construction industry.
A spokesperson for United Trust Bank stated they were pleased to support the Oakwood Group in this important endeavour. The project in Birkdale aligns perfectly with the bank's strategy to promote high-quality housing projects in key regions of the United Kingdom. Collaboration with experienced developers like the Oakwood Group is crucial for the success of such initiatives.
The Oakwood Group expressed appreciation for the support received. A company representative emphasised that the provision of financing allows them to implement the project on schedule and according to high quality standards. This is an important step in meeting the growing demand for affordable yet attractive housing in northwest England. The completion of the 33 housing units is expected to have a positive impact on the local property market.
