January 2021: Bristol Together Raises £2.5m of Project Finance
Bristol Together is delighted to announce that it has secured more than £2.5m of Project Finance.
The capital will be used to finance the development of its two new build projects in Knowle West and Brislington which will commence in March and April 2021.
The funds have been raised from a number of providers, including £300,000 from City Funds, managed by Bristol & Bath Regional Capital.
Paul Morgan, Bristol Together’s Managing Director said “raising such a significant sum of capital from several leading project finance providers demonstrates the belief that we have been able to create in our sustainable business model for the rehabilitation of recently released prisoners”.
Work has been progressing well on our new build scheme to create 12 affordable rent apartments in Knowle West, a deprived area of Bristol with acute housing shortages. At time…