Anwyl Group Secures £82m from Lloyds and HSBC to Double Housing Development

North West, UK - June 5, 2024: Anwyl Group, a North West-based housebuilder, is set to increase its land acquisition in a bid to boost the number of homes it builds by 50%. This ambitious plan is backed by an £82.5m revolving credit facility.

The Anwyl family, now in its fourth generation of running the business, has been building family homes across North Wales, Cheshire, Merseyside, and Lancashire for almost a century. To support its goal of building 1,200 homes each year, Anwyl is seeking to acquire land in areas where it already has developments. The company is also looking to expand across the North West region and south into Shropshire and Staffordshire.

The growth plans of the housebuilder will be supported by an £82.5m revolving credit facility, provided by Lloyds Bank and HSBC. Lloyds Bank has been working with Anwyl for more than 80 years.

Anwyl is already making progress towards these growth ambitions. The company recently submitted plans to deliver 144 new homes in Carrington, Greater Manchester. The homes, a mix of houses and apartments, will be built across a 15-acre site known as The Meadow. The plans include 130 two-, three-, and four-bedroom properties for private sale, as well as 14 two- and three-bedroom affordable rent and shared ownership homes. The proposed properties will feature renewable technology such as solar panels and heat pumps, and electric vehicle charging points.

Building more sustainable homes is a key part of Anwyl's growth strategy. Last year, nine in 10 homes it built were rated EPC B or above. The company is now aiming for up to 70% of the houses it delivers over the next 12 months to secure an EPC A rating. This will involve installing air source heat pumps and solar panels to future-proof properties ahead of the changing regulations that will come in with the Future Homes Standard in 2025.

In addition to purchasing land for development and enhancing its housing targets, Anwyl also plans to use this opportunity to help upskill its 250-strong workforce. Last year, 50 of its colleagues successfully completed development, coaching, and leadership programmes. The company intends to replicate those numbers over the next two years.

Mathew Anwyl, main board director at Anwyl Construction, said, “Our family has been at the helm of Anwyl since it was founded in 1930 as a joinery and woodworking contractor. Since then, we’ve expanded into new homes, development partnerships, and land acquisition, supporting communities with properties across the North West of England and North Wales."

John Csizmadia, relationship director at Lloyds Bank, and Kevin Dawson, Relationship Director at HSBC UK, both expressed their support for Anwyl's ambitious growth plans and commitment to building energy-efficient homes.

Anwyl Group's ambitious plans to increase its home building by 50% represent a significant step forward in addressing the housing crisis in the North West. With the support of Lloyds Bank and HSBC, the company is well-positioned to create additional open market and affordable homes, generate employment opportunities, and deliver significant economic boosts to the towns and communities where it builds.