Provisio Invertay

PROVISIO FUNDING FURTHERS INVERTAY HOMES SUPPORT

Dundee Based Financier Commits to a Further Four Years of Funding

Provisio Funding, the Dundee based finance business, has further strengthened their ties with InverTay Homes, the innovative house building and construction company that has recently opened their timber kit factory, showroom and customer care facility at the West
Pitkerro Industrial Estate in the city.

InverTay are one of the developers behind the incredibly successful regeneration of the Whitfield area with the construction of truly ‘affordable’ homes. InverTay have already completed the first phase of 30 houses at Whitfield Loan, and another 81 homes are planned at the adjoining Summerfield Avenue site. They have secured planning permission for the next phase and construction is about to commence. Additionally, they are progressing towards planning on further sites in Dundee and across Scotland.

Founded in 2013 by Eddie Wighton and Mike Pratt, InverTay Homes are a construction business focused on the development of affordable homes. Through their efficient, off-site manufacturing and on-site erection process, and the control of every aspect of the build, InverTay can ensure an affordable, sustainable, and efficient home. Financing the outright ownership of an InverTay home typically costs less than the rental of a comparable property and ensures the new home owner has lower monthly outgoings. There is a chronic under-supply of this type of property throughout Scotland, and InverTay Homes will continue to evolve to help tackle this situation.

Ron Smith, Managing Director at Provisio Funding, commented “We love the InverTay Ethos at Provisio, their ability to deliver high specification, yet affordable housing, along with the determination to succeed is commendable. Their products are in high demand and
represent great value-for- money for the home buyer. As the company evolves, investment, employment and growth all benefit the local economy”.

Provisio Funding are looking forward to working with Eddie, Mike and the greater InverTay team for the next four years and beyond.

Provisio Funding provides hybrid, joint venture finance for property developers and investors.

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