Campion Homes hopes to build 700 new homes over five years.
Family-owned Scottish housebuilder Campion Homes has received a multi-million pound investment from BGF (Business Growth Fund) to accelerate its building programme in both private residential and affordable homes.
Founded by Pete Bell, the Fife-headquartered company has built more than 1,500 homes across Fife, the Lothians, Clackmannanshire and, Perth & Kinross since 1989. With a focus on quality, individual choice and community, Campion Homes builds two to six bedroom homes within medium sized developments.
The company is currently selling at three private developments located in Fife at ‘Laurel Bank’ in Springfield, ‘Rosemount’ in Leven and ‘Hawthorn Bank’ in Dunfermline with future developments in the pipeline at Law View Leven, Cuparmuir and Dairsie.
Pete Bell, Chairman & MD of Campion Homes said: “This is an exciting time for our business. There has been significant demand for our recent developments and our pipeline is strong. We have chosen to take on a funding partner in order to accelerate our growth opportunities. This investment will allow us to meet the increasing demand quickly without compromising our quality and delivery.
“We explored other funding options but BGF is considered by us to be the right fit for our business. BGF is a flexible, long-term and non-controlling funding partner.”
BGF’s Patrick Graham, who joins the board as a non executive director of the company said: “The team at Campion Homes has built a fantastic business, one that is ambitious and has solid foundations. Our funding is unlocking a clear growth opportunity, underpinned by a quality land bank in a strong market and a management team that has significant experience in housing development.”
To support the growth in private residential development, Mike Stansfield, former chief executive of national builder David Wilson Homes, has been appointed by Campion Homes as a non-executive director following an introduction made by BGF.