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Birmingham Post
Birmingham Post
Business
Coreena Ford

Harworth Group seals new £200m finance facility amid plans to double in size

Harworth Harworth Group Santander HSBC

South Yorkshire land regeneration company Harworth Group has announced a new £200m finance facility to help it double the size of the business.

The Rotherham group, which specialises in regeneration schemes for sustainable development and investment, has agreed a new senior debt package comprising a five-year £200m revolving credit facility, plus a £40m uncommitted accordion option, provided by Natwest, Santander and HSBC.

The facility replaces Harworth’s previous revolving credit facility with Natwest and Santander, which was increased from £130m to £150m in 2021 and was due to expire in 2024.

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