Eco-home scheme builds with six-figure backing

An executive eco-home venture has powered ahead with six-figure backing.

Eden Homes has created Ascot House, in County Durham.

It says the six-bedroom detached development represents a great example of combining “luxury standard living while reducing the carbon footprint and long-term energy costs”.

The scheme – which is based at Dunelm Stables, in Thornley, and includes a timber frame design, solar panels, air-source heat pump systems and underfloor heating – has been supported by the North East Property Fund.

Kevin Davidson, of County Durham-based Eden Homes, secured a loan provided by FW Capital under the North East Property Fund, which is managed by FW Capital and backed by the North East Mayoral Strategic Authority.

He said: “We’re proud to be delivering a home that doesn’t compromise on style or sustainability. 

“The investment from FW Capital has been instrumental, and came at a time when our bank was not supporting small property developments.”

Adam Jones, FW Capital assistant investment executive, added: “Kevin has a proven track record of bringing executive homes to market in the Durham area. 

“His latest development reflects the growing demand across the North East for high-quality homes with sustainability at its core. 

“This home is a great example of what the fund has been created to support.”

The North East Property Fund offers short-term loans from £250,000 to £2 million to small and medium-sized construction and property development companies for residential and non-speculative commercial schemes across Tyne and Wear, Northumberland and County Durham.

The £20 million fund is backed by the North East Mayoral Strategic Authority.

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.