Durham developer secures £375k investment for new family homes

A North East property developer has received a £375k investment to support new family homes in County Durham.

Bell Blue, headquartered in Staindrop, has received the six-figure funding from the North East Property Fund, managed by FW Capital.

The funds will go towards a development of four family homes in Toft Hill, Bishop Auckland, which have been developed using stone from local quarries and tradesmen.

Matt Houghton, director at Bell Blue, commented: “We were very grateful to FW Capital for their support and investment via the North East Property Fund.

“These four properties have been beautifully designed and will be finished with high-quality fixtures and fittings.

“With views over the open countryside, these modern family homes are truly exceptional.”

Tony Cullen, investment executive at FW Capital, said: “We are delighted to see the North East Property Fund helping with the creation of new homes.

“This development is of an extremely high quality in a stunning location and we are sure it will prove extremely popular.”

Helen Golightly, chief executive at the North East LEP, added: “The North East Property Fund was established to support small to medium residential and commercial property developments by unlocking finance allowing companies such as Bell Blue Ltd to realise their ambitions and develop new quality housing schemes such as the Toft Hill development.”

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