Worcestershire property developer Oakland Estates has set out the blueprint for more sustainable housing in the region with its latest development, constructed with support from Lloyds Bank.
The four-bedroom property in Marlbrook has been designed with an eco-friendly timber frame and will be highly insulated throughout to reduce heat loss and ensure maximum efficiency. Heating will be provided by an underfloor water pump.
There will also be an electric vehicle charging point outside the property to support the local council’s efforts to encourage more environmentally-friendly travel.
The family-owned residential property developer has been supported by a £250k loan provided through Lloyds Bank’s Clean Growth Financing Initiative, which provides discounted funding to help businesses transition to a lower carbon, more sustainable future.
The project has also benefitted a number of businesses in the area, with six different local traders being involved in the process.
Oakland Estates hopes to use the sustainable techniques that will be used in this property across its future developments, as well as exploring new innovations to ensure they are as eco-friendly as possible.
Rob Giles, owner of Oakland Estates, said: “We are always striving to make our properties as sustainable as possible, and our latest development is another big step for us. We’ve taken learnings from previous projects and looked at how we can go even further, and it has resulted in our greenest property to date.
“We have faced some challenges, but Lloyds Bank played a big part in helping us to navigate these. They pointed us in the direction of their Clean Growth Financing Initiative, which was a fantastic incentive for us. We have ambitions to make our next projects even more environmentally friendly, and we look forward to working with the Lloyds team to do so.”
Jason Gregory, relationship manager at Lloyds Bank, said: “We all have our roles to play in protecting the planet, and it’s great to see family-owned businesses like Oakland Estates doing what they can to reduce the environmental impact of their latest project.
“We’ll continue to support businesses across the region on their own sustainability journeys using our Clean Growth Financing Initiative and advice from our team of experts.”