Aspect Homes has secured £5.2m in funding from Paragon Bank’s development finance division for a 17-home project in Eastrea, near Peterborough.
This family-run business from Northamptonshire will build a mix of two-bedroom, three-bedroom, and four-bedroom bungalows and houses.
The project aims to cater to first-time buyers, families, and downsizers looking for homes in a quiet village with good transport links.
Work on the site is already underway, with completion expected in Q4 2025.
The agreement was managed by James Helmore, relationship director at Paragon Bank, with support from portfolio manager Megan Andreou.
Helmore said: “We are delighted to partner with Aspect Homes again on this development in Eastrea.
“We have funded a number of Aspect Homes developments over the last 5 years, and it is always a pleasure to work with the team.”
Andy Milne, director of Aspect Homes, said: “We are thrilled to receive Paragon’s backing for this project.
“As a family business, we take great pride in every development we undertake, and the Eastrea project is no exception.
“This funding will help us deliver a range of high-specification homes that we hope will enhance the local area.”
