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Eric Wright Group to grow UK property book following £5m in new funding

construction

Preston-based Eric Wright Group Ltd, an established construction, property, engineering and facilities management firm, is to target new land acquisitions and property development opportunities following £5m in funding from Santander Corporate & Commercial. The group, whose turnover was £153m at the end of 2013, will use the funding to support the acquisition of new landbanks for development, help expand its fast-growing residential property unit, and also help capitalise on opportunities in the public sector, including from the NHS. Matt Jones, Relationship Director, Real Estate Team, Santander Corporate & Commercial, said: 'We're delighted to be able to support such a prestigious and well-run company which, in our view, is set for a period of strong growth. We have delivered a suitable funding package fine-tuned to the needs of the business and I'm wholly confident that the Eric Wright Group will continue to grow and be highly successful.'

 

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