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Birmingham Post
Birmingham Post
Business
William Telford

Devonshire Homes extends credit facility as it plots to double £47m turnover

Lloyds Bank South West Tiverton

Independent South West housebuilder Devonshire Homes has extended its revolving credit facility with Lloyds Bank which will enable the £47m-turnover firm to grow and build hundreds of houses each year.

The newly extended agreement will support Devonshire Homes’ expansion strategy to double turnover and deliver 400 homes per annum by 2026.

The privately-owned housebuilder has had a relationship with Lloyds Bank since 2016 and this new revolving credit facility will exist for three years with the option to extend.

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