Wain Group has secured £140 million in new funding from Lloyds and NatWest to accelerate its next growth phase.
The financing will help Wain Group to deliver its growth ambitions which include building more high-quality homes, regenerating land and investing further in sustainable development.
Headquartered in Warrington, Wain Group is made up of housebuilder Wain Homes and strategic land company, Wain Estates. It delivers around 1,400 homes each year and specialises in transforming land into thriving communities, creating long-term value for local people, businesses and places.
The £140m package, provided equally by both banks, reflects Lloyds’ continued commitment to Wain Group and introduces NatWest as a new funding bank.
Together, their support will help Wain Group progress new developments and continue revitalising strategic sites, strengthening the business for its next chapter of growth.
Lloyds is both the Facility Agent and Security Agent, and NatWest was the Hedging Bank.
Andy Campbell, Group Finance Director at Wain Group, said: “Securing this £140m funding package marks a significant milestone for Wain Group as we continue to scale the ambition of our work. It will enable us to deliver more high-quality homes, unlock further strategic land opportunities and strengthen our commitment to sustainable development across the regions we operate.
“We thank Lloyds for its continued support and are pleased to welcome NatWest on board as we enter the Group’s next phase of growth.”
