"Reaching £3 billion is a significant milestone, particularly as we mark 10 years since the Development Finance team was established"
- Terry Woodley - Shawbrook
Shawbrook has surpassed £3bn in development finance for UK property developers, reaching the milestone as the bank marks ten years since launching its development finance business. The figure reflects growing demand for flexible funding as developer needs become more complex.
Over the past decade, Shawbrook has supported more than 800 development projects, helping to deliver over 11,000 homes and more than 1,400 purpose-built student units across the UK. The schemes span residential, commercial, co-living and care sectors, with the bank focusing on mid-sized developers navigating rising cost pressures, planning complexity and evolving funding requirements.
Recent transactions include the development of four high-end townhouses overlooking the Old Course in St Andrews, a £13m facility supporting the construction of 42 residential apartments in Wimbledon, and a £4.2m facility backing the delivery of sustainable housing in Melton Mowbray.
Shawbrook's development finance team works alongside developers and intermediaries from planning through to completion, focusing on the practical challenges of funding and delivery rather than applying a one-size-fits-all approach.
"Reaching £3 billion is a significant milestone, particularly as we mark 10 years since the Development Finance team was established," said Terry Woodley, managing director of development finance at Shawbrook (pictured).
"More importantly, it reflects what that funding has enabled, including the delivery of over 11,000 homes across the UK and a meaningful contribution to much-needed housing supply.
"At the same time, our research highlights a clear 'critical middle', with half (50%) of mid-sized property developers saying they do not feel aligned with traditional lending criteria. This reflects the increasing complexity of projects at this stage. When developers can access the right specialist support, the impact goes beyond individual schemes, unlocking sites, accelerating delivery and supporting wider economic activity.
"That's where we continue to focus, supporting developers with the right funding and expertise to help bring projects forward."
