Stewart Milne Group has secured a £185 million banking facility to pursue its long-term strategy of focussed growth and geographical expansion.The funding package with Bank of Scotland has been put in place as the group embarks on a number of new residential developments, increasing its presence across Scotland and the North West of England.The locations are aligned to the company’s geographical expansion plans and underpinned by the strength of the overall housing market.The group is also ramping up its timber frame systems business Stewart Milne Timber Systems amid rising demand from housebuilders and contractors for offsite construction.
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