Elivia secures Barclays and NatWest finance for 6,000 homes

Elivia Homes has secured a £100m revolving credit facility from Barclays and NatWest to develop 6,000 homes. The flexible financing structure, with a term of up to five years, will enable the company to scale its operations with banking partners that are recognised for their expertise in the sector. Elivia has a strong pipeline of short-term sites, representing more than £300m GDV, and has grown significantly since receiving backing from funds managed by Octopus Investments in 2022. Over the period, the company has strengthened its footprint by acquiring Millwood Designer Homes and Seaward Strategic, while investing in high-quality land opportunities, expanding the group’s land pipeline by more than 500%.   Iain Brown, chief financial officer at Elivia, said: “This agreement marks another crucial milestone for the business, providing the financial firepower and flexibility to drive growth. It will enable us to unlock our existing landbank in prime locations across the South East and comes at a time when we are beginning to see a positive shift in the planning environment to support delivery.”  Photo – Left to right: Iain Brown, chief financial officer; Chris Chiles, chief executive; Kamal Singh Grewal, chief operating officer © Elivia Homes