RBS provides funding to develop almost 150 new homes in Edinburgh

Royal Bank of Scotland has provided a £6.9 million funding package to Hart Builders to back its plan to construct 146 new homes in Edinburgh.

The company, which is part of construction firm Cruden Group, will build the housing development at Western Harbour in the Scottish capital in partnership with Forth Ports.

The project, which will create 30 new jobs at peak, will be built as part of the Scottish Government’s National Housing Trust Initiative.

Kevin Reid, managing director of Cruden Group, said: “The financial support from Royal Bank of Scotland gives Hart Builders the opportunity to supply more high quality housing stock to the Edinburgh property market.

“It also allows us to further expand our presence in the Edinburgh and Lothian area, cementing our commitment to the local community with the creation of new jobs and homes.”

Jamie Drummond, relationship manager at Royal Bank of Scotland, added: “Hart Builders has an established reputation in delivering high quality construction projects. Supporting the company will help it realise the potential for growth in the area.

“Hart Builders has a strong relationship with the Scottish Government, particularly within its National Housing Trust Initiative. By providing this funding package, we’re helping Hart Builders play an important role to increase the supply of homes to meet demand in Scotland.”