SCOTTISH housing minister Kevin Stewart has opened LendInvest’s first Property Development Academy in the country, as the Peer-to-Peer Finance Association member seeks to support house building north of the border.
Stewart said it was vital to support smaller developers in the housing market.
“It is essential that we get more enterprising developers delivering the housing stock we need, where we need it most,” he said.
“Small developers are essential to a healthy property market and initiatives like the LendInvest Property Development Academy demonstrate the opportunity for industry, government and communities to work together to build more homes.”
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The academy was launched by LendInvest in 2016, providing two-day courses in in five cities across the UK aiming to create the next generation of property entrepreneurs.
Attendees at courses in Edinburgh, London, Manchester, Bristol and Birmingham can see case studies and hear from experts in house building and property development.
“This academy provides Scottish property entrepreneurs with the tools they need to get their projects off the ground, supporting them to navigate the challenges of securing land, obtaining finance, and ultimately adding new homes to Scotland’s housing stock,” Ian Thomas, co-founder of LendInvest, said.
To date, LendInvest has lent more than £1bn to borrowers for property development or bridging loans.