Hampshire Trust Bank (HTB) has provided Homes by Honey, with a £25m multi-site revolving facility to support their expansion.
This funding will enable Homes by Honey to develop multiple sites, facilitating their growth in the housing market.
The facility offers the flexibility to allocate capital across various developments, improving cash flow, speeding up project completion, and promoting long-term growth.
Neil Leitch, managing director of development finance at HTB, said: “Development finance must evolve with the ambitions of modern housebuilders.
“Homes by Honey required a funding model that could scale across multiple sites, and we delivered a solution that does exactly that.
“Speed and certainty were critical – our approach ensures efficient capital deployment, financial oversight, and the flexibility to drive growth at pace.”
Leitch added: “It was important for Homes by Honey to have access to a facility that could support multiple sites at different stages, and we structured a funding model that gives them the flexibility to scale without delay.
“The ability to move quickly was key – ensuring certainty, efficiency, and the right level of financial oversight from day one.”
Harry Bhogal, lending director at HTB, said: “This facility demonstrates how HTB works in partnership with developers to deliver funding solutions that fit their ambitions.
“Homes by Honey wanted a model that would enable them to move at speed while maintaining financial control – we structured exactly that.
“Our expertise in flexible lending means we can support more developers in achieving sustained, scalable growth – it was about structuring a facility that truly worked for Homes by Honey.”
Bhogal added: “By designing a revolving credit facility, we enabled them to manage multiple developments efficiently while maintaining control over cash flow.
“It’s an approach we can replicate for other developers looking to scale with agility and confidence.”
Jeremy Gledhill, chief financial officer at Homes by Honey, said: “HTB’s partnership has been integral to our expansion, providing the financial agility needed to keep pace with our ambitious growth plans.
“Their deep understanding of our business has ensured capital deployment is efficient, allowing us to maintain momentum across multiple developments.
“With this facility in place, we are well-positioned to continue delivering high-quality homes at scale.”
Gledhill added: “Their flexible approach and deep understanding of our ambitions have allowed us to deploy capital efficiently and keep our developments moving at pace.
“We can continue to deliver high-quality homes at scale, confident in the financial backing that supports our vision.”
