McKernan Homes breaks ground on Airdrie development thanks to £2.8m Bank of Scotland loan
Cumbernauld-based developer McKernan Homes has broken ground on a new sustainable development in Airdrie facilitated by a £2.8 million loan from Bank of Scotland.
McKernan Homes, managed by Peter McKernan, has been operating in Scotland since 1999 and has a strong track record of developing high-quality, sustainable housing.
Stark’s Yard in Airdrie is being supported by a loan via Bank of Scotland’s Clean Growth Finance Initiative (CGFI), which provides discounted lending to help firms invest in sustainable projects.
With support now in place, the firm has started construction on the 17 four-bedroom detached houses. Each home will include industry-leading insulation, high-quality windows to retain heat, solar panels on the roof and electric charging points.
The development has generated 30 jobs for local contractors and is expected to complete by the end of 2022.
Stark’s Yard is the third sustainably focused development from McKernan Homes that has been supported by Bank of Scotland. In December last year, a £1.93m funding package helped the firm complete the “Cinema” development in Dennistoun, East Glasgow which saw the build of 24 two-bedroom flats complete with solar panels and electric charging points.
The previous year, the business secured a £1.5m funding package which helped towards the build of 23 four-bedroom luxury villas in Airdrie, complete with roof solar panels and heat-retaining windows.
McKernan Homes is now planning to develop a further 105 new homes on three separate projects across Scotland’s central belt.
Peter McKernan, managing director at McKernan Homes, said: “The Scottish government has set out ambitious plans to reduce emissions in the built environment by at least 68% by 2030. And with thousands of construction companies in Scotland alone, we have a huge role to play. While COP26 is now complete, we know we need to act now if we’re going to do our part to drive down Scotland’s carbon footprint.
“Bank of Scotland’s support has been a massive help for us as a business and enabled us to deliver another project with sustainability as its heart.
“We’re hoping to start welcoming the first families to our Stark’s Yard complex in July and look forward to continue building on our green credentials as we all head towards a greener Scotland.”
Grahame Andrew, relationship director at Bank of Scotland, added: “Following COP26, the impetus is on Scottish firms to adopt further sustainable changes and help the country on its path to net-zero.
“McKernan Homes is an example of a Scottish firm that is driving the country’s green credentials, through numerous sustainable projects. We’re proud to have supported them once more with the new development in Airdrie which will make a positive impact on the lives of locals.
“We’ll continue to stand by firms like McKernan Homes as we look to build on our progress and continue to deliver a greener Scotland.”