New jobs and new homes are being created in the South West of England as the Edenstone Group expands its operation with the opening of its first office outside of Wales.

Headquartered in Magor, the business, established in 2003, is targeting turnover of more than £100 million by 2023 and aims to increase the number of homes it builds by 66% in the current financial year.

The new office, overlooking Portishead Marina, will be key to the company’s growth plans. It was officially opened by Dr Liam Fox, MP for North Somerset.

Dr Fox said: "North Somerset is a fantastic place to live and work and that is evidenced by the fact that companies like the Edenstone Group are setting up offices here. The housing industry has an important role to play in the economy as addressing the need for quality homes creates employment opportunities not just in construction, but in the supply chain, and also provides investment in communities."

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Edenstone Group Chairman Martin Taylor said: "The opening of the Portishead office is a major milestone for the Group as it’s our first base outside of Wales. Our significant and rapid growth both in scale and operation is testament to the hard work and dedication of our talented teams and we’re looking forward to creating further employment opportunities with the opening of the new office.

"We're already building in Gloucestershire and Herefordshire. Portishead is a natural choice given its accessibility to our forthcoming sites across the region. It will be key in helping us meet our growth aspirations in the South West of England as we expand into Somerset, Devon, Wiltshire and Bristol."

Unaudited financial results indicate that the Edenstone Group – which includes Edenstone Homes, Bluebell Homes, Ashgrove Partnerships and Edenstone Land –achieved a turnover of £57 million to the year ended April 2021. During the financial year the company completed 201 homes.