South Yorkshire SME housebuilder to create 31 new homes with £4.2m funding

A South Yorkshire firm has secured multi-million pound funding to create a new rural residential development.

GR33N Homes has secured a £4.2m loan from OakNorth Bank to build 31 new homes in the village of Walkeringham near Doncaster.

Consisting of a range of detached, semi-detached and bungalows, the scheme will also include 11 affordable units.

Founded in Doncaster in 2013 by property developer Derrick Wilkinson, GR33N Homes specialises in building residential properties using environmentally friendly construction practices.

Derrick Wilkinson, founder of GR33N Homes, commented: “Our family-run business is about much more than just building homes, it’s about creating outstanding well designed properties.

“As a business that puts sustainability at its heart, we’re glad to have found a funding partner that is not only willing to support us financially, but also shares our commitment to the environment.

“We take a bespoke approach to designing and developing our homes, and the team at OakNorth Bank do the same when it comes to their loans. We felt like we had a true partner throughout the process that will support us throughout the economic cycle.”

James Espley, director of debt finance at OakNorth Bank, added: “Flexible working resulting from the pandemic has led to increased demand for rural homes, with families looking for larger, more spacious properties outside of cities.

“It is therefore essential that experienced SME housebuilders, such as GR33N Homes, are given the required financial backing to help deliver these homes. Derrick and the team have a strong track record, matched by an equally strong reputation, so we’re delighted to be supporting them.”

James Espley, director of debt finance at OakNorth Bank, added: “Flexible working resulting from the pandemic has led to increased demand for rural homes, with families looking for larger, more spacious properties outside of cities.

“It is therefore essential that experienced SME housebuilders, such as GR33N Homes, are given the required financial backing to help deliver these homes.

“Derrick and the team have a strong track record, matched by an equally strong reputation, so we’re delighted to be supporting them.”

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