Cheyne Capital invested £50m in Backhouse, a geographically focused on providing housing for the South West region of UK. As part of the investment, a portion of the company will be put into a share scheme for employees. Backhouse believes this differentiates it in the SME housebuilding space and demonstrates its commitment to recruiting and retaining the very best talent in the industry. Rob Turner of Cheyne Capital says: “We are excited to be supporting another high-quality housebuilding business in the UK and this investment is testament to what the Backhouse team has already achieved.”