New family homes will be built in a historic Northumberland Village following a six figure investment by FW Capital, which manages the North East Property Fund.
Cockburn Developments secured the funding to build three stunning new properties on the outskirts of the village of Branxton, Northumberland, the site of the famous Battle of Flodden.
The new homes will transform the redundant land - formerly a dilapidated builder’s yard surrounded by overgrown vegetation - and vastly improve the vista upon entering the village.
The site is called Stanley Court. This is a historic reference to the Battle of Flodden that took part in the fields around Branxton in 1513 between the Scots and the English. The Stanley family were one of the key English families that took part in the battle, playing their part in securing victory.
Sympathetically-designed and constructed from the highest quality materials, Stanley Court will comprise two three-bed and one four-bed properties.
The homes will be eco-friendly with features such as low energy lighting; low energy solar rated glazing; and high levels of insulation.
Cockburn Developments is a family-run business led by experienced local joiner Stewart Cockburn, who also owns the successful joinery firm S W Cockburn Joiners Ltd.
The North East Property Fund was established with the aim of supporting the development of small-scale property schemes and is backed by Santander and the North East Local Enterprise Partnership (LEP).
It offers loans from £250,000 up to £1m for residential and non-speculative commercial developments in Tyne and Wear, Northumberland and County Durham. The Fund can provide up to 100% of build costs for suitable schemes with repayment terms available up to two years.
The investment has safeguarded three roles and created one job. It follows on from previous projects the NEPF has supported in North Northumberland, including the successful completion of a three-unit residential scheme in Berwick upon Tweed.
Stewart Cockburn, Cockburn Developments Director, said: “FW Capital shared our ambitions for this project and was able to quickly provide the funding needed to facilitate this development.
“Our aspiration was to create a high-quality development of homes in this beautiful Northumberland village. The site has already benefitted from huge off plan interest due to its location on the edge of the Northumberland National Park, an area of outstanding natural beauty.
“Stanley Court will hugely improve the first impression of visitors to the village and provide much-needed family homes for many years to come.”
David Pesarra, Investment Executive at FW Capital, said: “We are delighted to work with Cockburn Developments to help bring this project to life. FW Capital’s funding will help transform the aesthetic look of the village and offer families exceptionally designed and built homes, as well as providing stimulus for the local economy.”
Andrew Moffat CBE, Chair of the Investment Board at the North East LEP, said: “The North East Property Fund is designed to stimulate new small-scale property schemes and new jobs, which is exactly what has happened here through the investment into Cockburn Developments. I can’t encourage other property and construction owners to apply strongly enough.”