Paragon Bank backs £30m Beechcroft later living scheme in Beaconsfield

Paragon Bank’s Development Finance division has agreed a £30 million finance facility with award-winning SME developer Beechcroft to support the delivery of 95 assisted living apartments for the over 55s at Wilton Park in Beaconsfield, Buckinghamshire.

It is the second time Beechcroft has partnered with FTSE 250 lender Paragon Bank for development finance, with the funding package enabling Beechcroft to commence construction imminently.

The first units are expected to be available for sale in Winter 2026, with full completion anticipated in 2028.

What’s more, the scheme forms part of a wider masterplan for Wilton Park, which will also deliver a 75-bed nursing home, open market housing, a new nursery, a cafe and sports pitches for the local community.

The Wilton Park later living scheme will provide 95 apartments, each featuring en-suite bathrooms and designed to Beechcroft’s renowned ‘Healthihouse’ specification.

This includes door handles and light switches with an anti-bacterial coating, non-porous worksurfaces and bathroom wall panelling that are hygienic and easy to clean and whole-house ventilation providing filtered air to the principal rooms.

Residents will also benefit from EV charging points, communal gardens, underground parking and an elegant residents’ lounge which will swiftly become the social hub for residents.

Located on Gorell Road, Wilton Park is set within over 75 acres of landscaped parkland, approximately a mile from Beaconsfield town centre, with easy access to amenities including supermarkets, independent shops, restaurants and cafes.

The area is well-served by transport links, with Beaconsfield railway station offering direct services to London Marylebone in as little as 25 minutes, and the M40 motorway within two miles’ distance.

The Chiltern Hills and Burnham Beeches nature reserve are also close by, for those seeking green space.

With an ageing local population, the need for high-quality later living accommodation in Buckinghamshire is acute.

At the same time, Buckinghamshire Council has also confirmed a significant shortfall in local housing land supply, with nearly 69,000 new homes needed to meet future demand.

The Wilton Park scheme directly addresses this need, offering a vibrant, supportive community for over 55s, while also helping to free up family homes for the wider market.

The deal was led on behalf of Paragon Bank by Oliver Powlesland, Senior Relationship Director, with support from Amanda White, Portfolio Manager.

Oliver Powlesland, Senior Relationship Director at Paragon Bank, said:

“Wilton Park is a landmark later living development for the Beaconsfield community, and we’re thrilled to be supporting the Beechcroft team for the second time, after backing their previous scheme in Ascot.

Later living schemes like Wilton Park provide tangible social and health benefits and a real sense of community for residents, and with an ageing population we imagine demand for homes like these will only continue to grow.

Our continued relationship with the Beechcroft team gives us confidence in their vision and delivery, and we look forward to seeing this community take shape.”

Chris Thompson, Managing Director at Beechcroft, said:

“This scheme will set a new benchmark for quality in the later living sector in Beaconsfield and we are incredibly proud to be helping provide a solution to the region’s housing shortage, with support from the Paragon team.

Paragon’s flexible approach and understanding of the later living sector have been invaluable throughout the planning process..”

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