- Region
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South Wales
- Type of finance
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Loan
- Business need
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Developing property
- Size
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SME
- Investment
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Over £100k
“The support we’ve received from the development bank and Santander will allow us to plan with certainty for the future and invest with confidence, enabling us to secure success and jobs for both Jehu and the Welsh businesses that we work with.”
Property developers Waterstone Homes, part of the Jehu Group, received a £4 million loan from us as part of a £5.5 million deal with Santander. The loan will support the construction of new homes in St Nicholas in the Vale of Glamorgan.
The St Nicholas Fields development, started in autumn 2017, will include 17 four and five-bedroom family homes. These will retail between £515,000 and £690,000. The project will support 100 local jobs.
Funding for the deal came from the Wales Business Fund and the Wales Property Fund.