United Trust Bank provides £13m financing for Oakwood Group's Birkdale housing development

United Trust Bank has committed a £13 million acquisition and development facility to Oakwood Group for a new residential scheme in Birkdale, North West England. The project will deliver 33 homes – 18 detached houses, 11 semi‑detached homes and four duplex apartments – on a former utility site, with a gross development value of roughly £19 million. All properties are designed to achieve an EPC A rating.

The loan represents about 68.5 % of the gross‑development‑value and 89 % of the total cost, following a previous £12 million financing by the bank for another Oakwood Group development. Oakwood Group founder Jonathon Ball said the scheme had progressed through a challenging planning process, while United Trust Bank senior director Huw Jenkins highlighted the bank’s support for experienced regional housebuilders.