An innovative funding arrangement is helping to accelerate the growth of an award-winning housebuilder and fast-track property ventures across the North of England.

MAVEN Bonds is providing short-term finance to County Durham developer Homes by Carlton, to drive forward several property schemes around the northern regions.

The Newton Aycliffe-headquartered firm recently used a £300,000 short term development finance loan to fast-track construction work on its Cathedral Gates development in Chilton. Situated eight miles from Durham City centre, the scheme comprises 14 spacious plots with a mix of three and four-bed detached and semi-detached homes. It has proved popular with ten of the plots already sold – giving the construction team the confidence to accelerate the building programme.