Expert advice will be on offer later this month at a free breakfast seminar aimed at boosting the Sunderland housing market.
A leading North-East law firm has partnered with a regional fund manager to offer free business support which will help small and medium-sized enterprise (SME) builders and developers operating in the residential sector.
Commercial law firm PG Legal has teamed up with regional investor FW Capital to launch the North East Property Development Forum event.
The partnership’s breakfast seminar will take place on Wednesday, January 30, at the National Glass Centre, in Sunderland.
The event aims to deliver comprehensive support and advice for local SME builders and developers operating in the residential sector in a bid to encourage the development of much needed new residential property in the area.
Phil Dean, director at PG Legal, which has offices in Gateshead and Stockton, said: “The North East Property Development Forum will provide support, guidance and information for those who are interested in building new homes, developing property or converting buildings in Sunderland and its surrounding communities.
Mr Dean, pictured above right, “We will be providing our expertise on how to make a good return on investment, how to make a development appeal to buyers and how to correctly handle property tax.
“The Housing White Paper outlined that 300,000 homes needed to be built to keep up with demand, which means it’s all hands-on deck to increase supply.
“It’s not just about the big developers, there is plenty of opportunity out there for new or established local builders.”
The law firm will be providing information on how to make money from a development and ensure it is attractive to buyers as well as providing crucial tax advice from expert tax lawyer Simon Briton.
FW Capital, which has offices in Newcastle and Billingham, will be providing information on what financial support is available and how to access it.
Tony Cullen, pictured above left, investment executive at FW Capital, said: “The demand for quality housing keeps growing and there is a lot of support for smaller developers which many people aren’t aware of.
“The property development forum is an opportunity for people to learn about the funds which they can access to either get them started or continue their work in the development sector.
“We want to help local people and firms take full advantage of the funding which is available during this crucial time for the development of Sunderland city centre and the region as a whole.”