Newett Homes secures a £7.5 million Paragon finance funding package

Paragon Development Finance has provided Newett Homes with a £7.5 million funding package supports a new build home development in Huddersfield.

Newett Homes is a jointly owned business by David Newett and his youngest son Will Newett. The company is known for producing high-quality developments in the Yorkshire region.

The funding package will be used to assist with the purchase of land in the Fenay Bridge area of Huddersfield. This will be transformed into a development with 54 private and 14 affordable two, three, and four-bedroom homes.

In addition to this development project in Huddersfield, Newlwtt Homes also has ongoing developments in Sheffield, Ripon, Harrogate, and Rotherham.

The deal was led on behalf of the bank by Senior Relationship Director Simon Dekker and support from Senior Portfolio Manager Craig Seabourne.

Will Newett, Newett Homes director, said: “This will be a high-quality residential scheme that caters for the needs of a wide range of groups including first time buyers, growing families and downsizers. The development will be sympathetic to the local area, within an attractive landscaped setting.”

“Paragon Development Finance has been first class. It’s a bank that understands the needs of developers and working with Simon and his team has been seamless. We are excited to partner with the company on this scheme.”

Paragon’s Simon Dekker said: “This new development will bring high-quality homes to the area. David and his son Will have a great track record of delivering well-designed homes in Yorkshire that are popular with buyers. They also focus on ensuring their schemes are sympathetic to the environments in which they are built.”