Linell Homes Ltd
CBILS Development Finance

When the nationwide lockdown put a pause on Linell Homes Ltd’s development of 10 residential dwellings close to Wakefield City Centre, David Linell secured £2.1m of funding through the government-backed Coronavirus Business Interruption Loan Scheme to improve cashflow and kickstart the building phase of the project.
£2.1m
Amount Lent
18 Months
Loan Term
70%
LTGDV

The funding has ensured that the development is now on track to complete in 12 months, providing much needed and high-specification new build family homes in the area.