• Swindon & Wiltshire News
• Tuesday February 21 2023
• Author Name: Peter Davison

Bristol & Bath Regional Capital expands homes division to help tackle South West’s housing crisis

Award-winning impact investor Bristol & Bath Regional Capital has announced an equity investment from Zamo Capital, a specialist impact investor.

The investment will expand the activities of BBRC’s homes division, aiming to finance 1,500 quality new homes for key workers in the West of England by 2028.

The investment in BBRC’s Homes division will help the firm build on the success of their 161 mixed-tenancy Elderberry Walk deal – a development celebrated by the World Economic Forum for its approach to bringing quality, relevant and affordable housing for key workers and low-income residents.

In the South West the housing crisis is intensely felt, with median house prices in 2021 at ten times median salaries.

Ed Rowberry, chief executive of BBRC, said: “We are delighted to have not just the investment from Zamo Capital, but also the hands-on advice and counsel from some of the smartest and most experienced impact investors in the market.”

Jim Roth, founder and managing partner of Zamo Capital, said: “What’s impressed me about the BBRC team is their genuine commitment to impact, alongside deep local knowledge and networks which they have leveraged to generate and execute on commercially attractive real estate deals.”

The deals done by BBRC’s Homes division have created key worker housing close to employment hubs, such as hospitals, universities, and schools. These properties have been built with a strong focus on quality and energy efficiency and have been managed to the silver standard or above of the Bristol Ethical Lettings Charter.

The Zamo Capital investment is made on behalf of its client, Big Society Capital Limited.

Pictured: Laura Barrow, Ed Rowberry, Jim Roth, and Tom Savory