Insights from the real estate and care sector leaders, supporting business growth and more
Spring is in full swing, and so is our continued commitment to supporting ambitious businesses across the UK. After another busy month, we're excited to share stories of growth, innovation, and strategic partnerships.?
Read on to uncover the key insights from our recent discussion with real estate leaders about the growing popularity of mid-market funds. Or get ahead with top takeaways from our latest care webinar.?
Plus, you’re invited to join our upcoming webinar, in partnership with MSP Organisation, where we'll explore how to support business growth with people and processes. More details below.??
This next one’s for all the property developers in our network. We'd appreciate it if you could share your thoughts via our short survey on the new Biodiversity Net Gain planning requirements.??
And finally, you might’ve seen that we recently announced our Annual Results for 2023. A special thanks must go to our customers for your ongoing trust in us. We’re especially proud of the 47,000+ jobs and 29,000 new homes that we’ve directly helped create across the UK with your help.?
As always, if you’re looking for a business loan to kickstart your growth, or to simplify your business banking, reply to this email and I'll be in touch.??
OUR LATEST THOUGHT LEADERSHIP
We recently hosted an engaging discussion with GRI Club Europe about the opportunities and challenges facing middle market funds - featuring insights from Candice Sammeroff (Trimont), David Pralong (MAYA CAPITAL), Jatin Ondhia (Shojin Property Partners), and moderated by our very own Deepesh Thakrar. Find out what real estate leaders think about the growing popularity of mid-market funds now.??
Read about the latest trends, challenges and opportunities that are shaping the care home sector in our webinar recap. From rising interest rates to evolving regulatory requirements, get ahead with key takeaways from OakNorth experts Marc Busbridge Simo, Mike Tierney and guest panellist, Prabh Sohi from CBRE.?
UPCOMING WEBINAR
Join us for an exclusive webinar on Wednesday, April 24th at noon. In partnership with MSP Organisation, this session will explore how growing businesses can set themselves up for success, focusing on the importance of people and processes.?
During the 30-minute session, we will cover:?
领英推荐
LENDING SPOTLIGHT
After working closely together on previous transactions, we were pleased to provide a ￡18m loan to the privately owned and managed property investment and development company, Hurstwood Holdings. The funding will be used to develop 75 new homes across three separate residential schemes in Rossendale, Lancashire and Cheshire.?
We were thrilled to provide a ￡21m loan to Ambassador Group, the privately owned, highly experienced Scottish-based property and investment company. The funding will be used to develop over 70 new homes at its historic Bangour Village site in West Lothian, as well as support ongoing infrastructure works.?
Following our initial funding in March 2023, we were delighted to provide a further ￡12.2m loan to SME housebuilder, honey, to part fund the acquisition and development of two of its latest major residential schemes in Huddersfield, West Yorkshire and Maltby, South Yorkshire.?
QUOTE OF THE MONTH
“Having now worked closely with OakNorth on six separate occasions, they’ve really cemented themselves as a funder of choice that continues to provide all the solutions to the pain points we normally face when working with the larger lenders. They were highly attentive and entrepreneurial throughout each transaction, closing the deals within weeks rather than months.”?
Mark Mitchell, Founder & CEO of honey
CHANGES FOR PROPERTY DEVELOPERS
Following our previous message about the new Biodiversity Net Gain (BNG) planning requirements, we’re looking to understand how you’ll ensure your future developments are compliant and whether you need any support from us in doing so.??
We’ve put together a short survey and would appreciate it if you could take the time to respond. It’ll only take 2 minutes and your answers will be instrumental in helping us help you.??
If you have any further questions about BNG and what it means for you, please don’t hesitate to reach out to us.