Green light for 1,000 new homes in south west
Alliance Homes Group has agreed a package of £150 million in funding from Macquarie Infrastructure Debt Investment Solutions (MIDIS) for their ambitious plan to develop 1,000 new homes in North Somerset and the West of England.
We've already made inroads in our ambitious plan to bring new homes to an area that continues to suffer from housing shortages and increasing rents. Since 2017 we have completed 190 homes, and we have a further 123 on site with a growing pipeline to support our future developments.
Alongside this funding, it is hoped that increasing government grant to the sector will also support the delivery of new housing.
Louise Swain, our Chief Executive said: “We are delighted to have received this funding from MIDIS. We exist to improve the lives of our customers and to benefit the communities in which we operate.
“The shortage of affordable housing remains high on the national agenda, so we’re playing our part to tackle this. We’re currently on-site in communities across North Somerset, South Gloucestershire, and Bristol.
“We look forward to building a long-term partnership with MIDIS as we continue with our ambitious development plan."
Gareth Edwards, associate director in MIDIS, added: “There is a clear government directive in delivering more affordable homes at this time, and we are very pleased to have provided funding to Alliance Homes at this juncture in their evolution. We continue to see strong demand from investors seeking to support the UK’s social infrastructure needs.
“Alliance Homes focuses on their customers through maintaining high standards for their housing stock, providing support services to their communities, and delivering more homes where needed. We were particularly impressed with the social impact of Alliance Homes including care facilities, formal programs to support customers back into employment and their other work throughout the communities in which they operate. As we continue to provide more financing to the sector, we look forward to working with them over the duration of the funding.”