McInerney Holdings has announced that it has put in place a revolving committed banking facility of €21m (£15m) to support and develop McInerney Group UK.
The UK subsidiary has consolidated its banking facilitates centrally with The Royal Bank of Scotland Corporate Banking Office in Manchester which will finance its residential development activities in the north west of England.
In a statement issued this afternoon, McInerney Holdings said one of its primary objectives was to achieve substantial growth across all its UK business.
According to Mr Barry O'Connor, Managing Director, the new banking facility supporting the Group equity commitment, means the capital is now in place to roll out the Group's growth objectives in the UK market.
The Group recently purchased four new UK sites adding 135 plots to its landbank.
In addition, a further 405 plots are expected to be purchased across the summer.