"Paragon has consistently demonstrated a deep understanding of our business and the development process."
- Taj Sangha, managing director at Mackenzie Homes
Mackenzie Homes has secured a £9m funding package from Paragon Bank’s development finance division to support the delivery of its new residential scheme, Joe’s Folly, in Taplow, Buckinghamshire.
This funding will assist with acquisition of the site and construction of 16 high-specification homes. Build works are due to commence in the coming weeks, with completion targeted for February 2027.
Joe’s Folly with feature a mix of family homes designed with sustainability and modern living in mind. Properties will include electric vehicle charging points, high-performance insultation, and energy-efficient heating systems.
The scheme is expected to achieve an EPC rating of A, qualifying it for Paragon Bank’s green homes initiative which rewards small & medium-sized enterprise (SME) housebuilders for constructing energy-efficient homes.
To qualify for the scheme, at least five private units must be built within the development and 80% or more of these must have an EPC rating of A – with any remaining units at EPC C standard.
“Paragon has consistently demonstrated a deep understanding of our business and the development process. Its flexible approach and commitment to our vision has been key to bringing Joe’s Folly to life. We’re excited to deliver another exceptional scheme that reflects our focus on lifestyle-led, sustainable homes,” said Taj Sangha, managing director at Mackenzie Homes.
Steven Mountain, senior relationship director at Paragon Bank, added: “I’ve worked with Taj on various schemes over the past 15 years and on behalf of Paragon, we’re proud to continue our partnership with Mackenzie Homes for what promises to be another standout development in a sought-after location.
“Joe’s Folly combines sustainable design in a picturesque lakeside setting with excellent transport links. It’s exactly the kind of scheme we’re keen to support – one that delivers value to both the local community and the environment.”
