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Saturday, July 26, 2025
Cumberland and Westmorland Herald
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    Arrest following violent disorder in Pooley Bridge

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    Work starts on multi-use games area in Penrith

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    Penrith businessman bitten by dog

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    End of road for Cumbria Classic Coaches after 28 years

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    71-year-old cyclist gets on his bike to Rome

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    Appleby car park and road to close for flood work

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    New management set to lead Appleby Football Club

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    Success for fighting squad

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    Penrith skipper Nicky Burns calls on team to keep winning

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    £100,000 target for new changing rooms extension

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    Medal success for Upper Eden tug-of-war team

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    Eden man competes in Hyrox World Games

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Cumberland and Westmorland Herald
  • News
    Arrest following violent disorder in Pooley Bridge

    Arrest following violent disorder in Pooley Bridge

    Work starts on multi-use games area in Penrith

    Work starts on multi-use games area in Penrith

    Penrith businessman bitten by dog

    Penrith businessman bitten by dog

    End of road for Cumbria Classic Coaches after 28 years

    End of road for Cumbria Classic Coaches after 28 years

    Farm diversification project set to blossom

    Farm diversification project set to blossom

    71-year-old cyclist gets on his bike to Rome

    71-year-old cyclist gets on his bike to Rome

    Appleby car park and road to close for flood work

    Appleby car park and road to close for flood work

    Road closure plans for essential bridge repairs

    Road closure plans for essential bridge repairs

    Penrith drug dealer jailed

    Penrith drug dealer jailed

  • Sport
    Teen golfer George Curry lines up with world’s best players

    Teen golfer George Curry lines up with world’s best players

    Ullswater Community College footballers make history

    Ullswater Community College footballers make history

    New management set to lead Appleby Football Club

    New management set to lead Appleby Football Club

    Success for fighting squad

    Success for fighting squad

    Penrith skipper Nicky Burns calls on team to keep winning

    Penrith skipper Nicky Burns calls on team to keep winning

    £100,000 target for new changing rooms extension

    £100,000 target for new changing rooms extension

    Medal success for Upper Eden tug-of-war team

    Medal success for Upper Eden tug-of-war team

    Eden man competes in Hyrox World Games

    Eden man competes in Hyrox World Games

    Double national triumph for Stuart Robinson

    Double national triumph for Stuart Robinson

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Home Latest
This article appears as part of a paid partnership with HGP & Genesis Homes

New £15 million partnership to help Cumbrian housebuilder grow

by CWH
16 December 2021
in Latest, Property, Sponsored
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Housing Group Partnership and Genesis Homes are pleased to announce that Genesis will be one of the first HGP partners in the newly establish Regional Growth Initiative which forms part of HGP’s newly created £300 million property fund.   

Genesis Homes is a Penrith-based housebuilder, established in 2017 to deliver quality family homes, with the vision to lead the way in the creation of quality, vibrant and welcoming housing developments in our region. 

Genesis is focused on delivering two-storey family housing in well-connected semi-rural locations that have an identified housing need. 

Genesis has a well-established house type range which has been refined and improved using ongoing customer feedback and sales performance data.   

Genesis’s acquisition of Russell Armer Homes in April has further underlined their growth ambitions and allows them to enter the South Lakes residential market with a well respected and sought after brand. 

The RGI is a five-year commitment that will see HGP investing up to £15m of equity alongside Genesis in residential developments across Cumbria and the South Lakes to allow them to target and purchase larger strategic development sites and grow into an established regional housebuilder.   

Since 2018, HGP has provided Genesis with equity commitments of £9.1m across seven development schemes, totalling 251 units, helping Genesis grow from delivering 10 units in its first full financial year to 75 units and revenue in excess of £20m in 2020. 

With the implementation of the RGI partnership, Genesis is well placed to meet its target of delivering over 180 units per annum from 2025 onwards. 

‘Partnership gives us additional confidence’

Nicky Gordon, managing director of Genesis Homes, said: “The RGI has allowed us to utilise our equity in progressing a larger number of schemes and it provides us with additional confidence to grow our business through this reassurance that our equity can go further.

“The sharing of speculative time delay risk in the planning and pre-start process is also of significance in that we know that our entire equity is not trapped in specific schemes that may experience a delay in commencement. The streamlining of legal and due diligence processes is also notable.“ 

John McKeon, investment director of HGP, added: “HGP has supported Genesis for four years and been extremely impressed with the schemes delivered and the quality of the team that Nicky has built.

“It is with businesses like Genesis in mind, with strong capabilities, an ambition to increase their output and a strong local community focus, that we have developed the Regional Growth Initiative.  

“We look forward to continuing our support of Genesis as Nicky and the team look to deliver on their growth plans over the coming years and we look forward to rolling out the Regional Growth Initiative with further established partners.”  

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Mandatory payrolling of Benefits in Kind delayed

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20 July 2025
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71-year-old cyclist gets on his bike to Rome

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