Northumberland housebuilder Cussins sealed a £14m finance deal to ramp up its developments across the region. The Alnwick company, led by Peter Cussins and his son, CEO Jabin Cussins – the third generation of the Cussins family to run the business – currently builds 130 homes per year on six sites, from Darlington in the south of the region to North Northumberland, building two to five-bedroom family homes in rural and semi-rural locations, but also more contemporary riverside apartments and homes.
The business, the longest established housebuilder in the region, will use the £14m from Lloyds Bank to grow faster, increasing the number of properties it builds per year and allowing access to larger schemes which offer improved continuity. The funding will be used to expand production on development sites across Northumberland and County Durham. The business will also look to purchase new areas of land to build on and meet the demand for properties in the region.
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