Real estate

Santander supports plans for major growth at Bancon Group

Bancon Group, the Banchory-based housebuilder and construction business, has announced plans for the most significant growth in its history after agreeing a new financing deal with Santander to support the group's ambitious plans. The company anticipates that this will enable it to more than treble its current annual homes construction rate to around 200 units by 2017. Bob Hutcheson, who took over as chairman last December, said: 'The new finance available from Santander should enable us to achieve our ambitious growth objectives over the next few years.' Derek Busby, Relationship Director at Santander Corporate & Commercial, said: 'Bancon Group, with its impressive and well-conceived growth plan, is an attractive new customer for us and we were keen to support it with the external finance it needs.'


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