Government funding to support affordable homes in heart of Cornwall
Levelling Up Home Building Fund will help bunnyhomes to create neighbourhood of 170 new homes in Bodmin
Bodmin is an area with high housing demand, but small and medium sized housebuilders often find it difficult to secure funding through traditional lenders. Homes England has stepped in to provide funding from the Government’s Levelling Up Home Building Fund, to help bunnyhomes unlock new homes at the 14-acre John the Watchmaker’s Great Country Park.
The project is bunnyhomes’ largest to date, providing 51 much needed affordable homes, which will enable more local people to stay close to their families and way of life. The new homes are designed around a central 1.5 acre park, created for the wellbeing of residents.
A quarter of the affordable homes will also be accessible and adaptable, incorporating features that make them suitable for a wide range of occupants, such as older people and those with reduced mobility.
The new neighbourhood also includes 95 two, three and four-bedroom homes for sale, as well as 24 one and two-bedroom apartments for rent.
bunnyhomes has carefully considered every aspect of the design of the new homes, resulting in aesthetically pleasing street scenes inspired by Georgian architecture.
The scheme will also make significant ecological improvements, including the provision of a 10% Biodiversity Net Gain, meadow planting, bird boxes and bee bricks.
Christine Mann, Development Finance Senior Manager at Homes England, said:
The Watchmaker’s is an ambitious scheme of genuine placemaking, providing quality, well-designed affordable homes in central Bodmin.
bunnyhomes is a highly respected housebuilder in the region, employing local trades and craftspeople, helping to boost the local economy. This funding will support its ambitious growth plans, which will hopefully give even more local people the opportunity of home ownership in the future.
Andy Naylor, Finance Director at bunnyhomes, said:
The funding of The Watchmaker’s further enhances a growing relationship between Homes England and bunnyhomes. It provides us with access to capital that will continue our growth across Cornwall and Devon in the coming years by building quality homes for local residents.
For further information about how the Levelling Up Home Building Fund can support small and medium housebuilders visit Levelling Up Home Building Fund - development finance - GOV.UK (www.gov.uk)