Leumi helps fund 500-home Bristol scheme

A new housing project in South Bristol is set to deliver hundreds of homes and create thousands of jobs.

Specialist lender Leumi UK is supporting developer Allison Homes with a bespoke five-year funding package for the 26-acre Longmoor Village development, in Long Ashton. 

The site has outline consent for around 500 homes, including affordable units, and represents an estimated gross development value of £165 million.

Finance for the project combines private equity from Allison Homes with support from Leumi UK, whose decision to back the scheme reflects both the strength of the developer and the location’s potential, including strong transport links and local facilities.

Guy Brocklehurst, relationship director at Leumi UK, said: “This transaction exemplifies Leumi UK’s relationship-led approach and sector-specific expertise. 

“Few lenders can structure such a flexible facility that evolves from land acquisition through to peak development funding – tailored to the client’s specific needs. 

“We’re proud to grow our reputation as a trusted finance partner in the housebuilding sector, and the team is thrilled to support Allison Homes in delivering one of the region’s most important residential developments, playing a role in shaping a vibrant new community for Bristol.” 

Once complete, the Longmoor scheme is expected to generate significant economic and social benefits.

According to the Home Builders Federation, it could support nearly 1800 jobs, create 21 apprenticeships and deliver almost £23 million towards affordable housing, alongside further contributions to local infrastructure and community facilities.

Located within a key regeneration zone that includes the Ashton Gate Sporting Quarter and wider South Bristol development programme, the site will also serve as a strategic base for Allison Homes’ expansion in the region.

The developer’s new West of England office is now open, with a detailed planning application for Longmoor expected later this year.

Ian Trinder, chief financial officer for Allison Homes, added: “Securing the Longmoor site represents a transformative moment for our South West business. 

“Its scale, location and potential make it a cornerstone of our expansion in Bristol and beyond, providing a platform to grow our presence and impact in the region. 

“With a strong SW team, led by managing director Glyn Mabey, we look forward to progressing this development and delivering high-quality homes that the city urgently needs.

“We are also delighted to have the support of Leumi UK, whose backing has been invaluable throughout the process.” 

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