<p><span>Hayfield has extended its funding facility to £67 million to drive its planned growth.</span><span></span></p> <p><span>The housebuilder, established in 2016, announced a £85 million finance facility in 2020 which included £50 million of debt finance from OakNorth Bank to help the business scale up to 500 homes a year.</span></p><p></p> <p><span>The £17 million extension from OakNorth will allow Hayfield to buy more land, targeting “prime sites” in middle England which are mainly within an hour’s commute of London.</span></p><p></p> <p><span>Supported by a five-year landbank, the Solihull-based company said it was set to reach turnover of £150 million next year and was “gearing up” for its 500-homes target.</span></p><p></p> <p><span>It is preparing to start its 13</span>^th<span> and 14</span>^th<span> schemes and has more than 400 homes in immediate production, with another 400 with planning. More than 1,000 additional plots are passing through the planning system. </span></p><p></p> <p><span>Hayfield has live sites in West Oxfordshire, Central Bedfordshire, Cambridgeshire, Wiltshire and Buckinghamshire. It is about to commence two more schemes in Bedfordshire.</span></p><p></p> <p><span>Mark Booth, Hayfield’s co-founder, said: “In the five years that Hayfield has been trading, we have never stood still. Everyone who works here – led by managing director Andy Morris – has a passion for what they …