Development finance lender Atelier has provided £16.6m to fund a multi-phase housing project in Butleigh, Somerset. The scheme, delivered by local housebuilder Galion, will create family homes with a focus on sustainability and energy efficiency.
The funding takes the form of a peak debt facility at 54 per cent loan to gross development value over a 30-month period.
Harley Stairmand, lending manager at Atelier, said: “We’re proud to be funding this scheme — our first with Galion. There was a strong alignment in how we both approach quality and delivery, and this peak debt facility supports the delivery of 30 carefully considered new homes for the community.”
Galion founder Angus Macdonald added: “The funding provided by Atelier enables us to bring forward a truly distinctive scheme at Butleigh — one that sets a new benchmark for refined, environmentally conscious living in the area. Atelier’s deep sector expertise and their relationship-led approach resulted in a funding solution tailored precisely to the needs of this project.
We’re now excited to begin construction. This development represents exactly what Galion exists to deliver: homes that are thoughtfully designed, beautifully crafted and rooted in their surroundings, using natural materials, traditional skills and a strong sense of place.”
