£8m 72-Unit Residential Development in Stourport-on-Severn
We secured £8m in phased development finance for a 72 home development in Stourport-on-Severn. The funding was structured across three phases with multiple lenders, leveraging CBILS and competitive post-pandemic rates.
- Project value: £8,000,000
- Units: 72 (Phase 1: 18, Phase 2: 18, Phase 3: 36)
- Location: Stourport-on-Severn, Staffordshire
The Project
During the pandemic, a seasoned developer approached FundingWise to finance a 72-unit residential development along the Staffordshire and Worcestershire Canal. Years of land assembly and planning had culminated in a phased scheme of 2-, 3-, and 4-bedroom homes, designed to rejuvenate this historic market town.
The client was managing multiple moving parts: construction, planning approvals, and financing—all in a market disrupted by Covid-19.
The Challenge
The development faced several intertwined challenges. Phase 1 required engagement with the Canal and River Trust and flood risk mitigation, while later phases involved phased approvals and construction logistics. The pandemic added volatility to both lender appetite, construction timelines and costs, creating uncertainty for both the client and funding partners.
FundingWise needed to provide more than capital—they needed to translate a complex, evolving project into a clear, credible case for lenders, while keeping all phases on schedule
The Funding
FundingWise structured the financing to match the phased nature of the project, ensuring liquidity and lender confidence at each stage.
Key Funding Highlights:
- Phase 1: £5m via Oak North Bank under the Government’s CBILS scheme (0% interest, all fees covered)
- Phase 2: Financed through Hampshire Trust Bank at competitive post-pandemic rates
- Flexible phasing: Funding designed to accommodate evolving construction timelines and planning approvals
The Solution
FundingWise was brought in to create a bespoke, flexible funding strategy that could adapt to these complexities.
Beyond arranging finance, FundingWise provided detailed lender presentations, covering construction methods, regulatory considerations, and phased timelines, ensuring stakeholders fully understood the project, the risks, and the mitigations.
The Result
Phase 1 was completed on time and on budget, with units sold successfully.
Phase 2 financing was secured and scheduled to complete by mid-2025.
The project has not only delivered high-quality housing, contributing to the regeneration of Stourport, but also strengthened a long-term consultative partnership between Funding Wise and the developer.
This case demonstrates Funding Wise’s ability to combine strategic insight, technical expertise, and adaptability, enabling complex, high-value developments to succeed even in turbulent market conditions.
£8m
total funding secured
72
units developed
3
phases of funding release structured
0%
interest secured for phase 1
