Recent headlines about planning permissions hitting a nine-year low might seem disheartening but looking closer reveals a silver lining for savvy developers. The government is actively encouraging the redevelopment of brownfield sites and has introduced new permitted development rights, making it easier to convert agricultural and commercial buildings into much-needed homes. This targeted approach is unlocking fresh potential in unexpected places.
This is precisely the landscape where development finance becomes a crucial tool. At Seneca, we understand that navigating the nuances of planning requires a lender who sees the potential, not just the paperwork. Our expert Sales and Operations teams work in tandem to structure flexible funding solutions that empower developers to capitalise on these new regulations, transforming underused land and buildings into thriving residential communities.