# Lloyds Bank raises hopes £53m Sheffield flats will be finished after developer goes bust

- URL: https://talkfuse.com/story/lloyds-bank-raises-hopes-53m-sheffield-flats-will-be-finished-after-developer-goes-bust/
- Published: 2026-08-11T04:55:49+00:00
- Original publisher: The Star (Sheffield)
- Original article: https://www.thestar.co.uk/business/lloyds-bank-raises-hopes-ps53m-sheffield-flats-will-be-finished-after-developer-goes-bust-8849343
- Topics: Sheffield, Software, Technology

## Key points

- Torsion Construction's insolvency halted the Hollis Croft scheme containing 234 flats in Sheffield, leaving 115 workers without jobs
- Lloyds Bank and Homes England are seeking a replacement contractor to resume the £53m residential development
- Administrators aim to minimise delays and restart construction through the Housing Growth Partnership

## Summary

A major housing scheme in Sheffield has come to a halt after its primary builder collapsed financially. Torsion Construction's insolvency left the Hollis Croft development—containing 234 residential units across 17 floors—suspended, with over a hundred workers losing their positions as a result.

The project relies on investment from the Housing Growth Partnership, which pairs Lloyds Bank's financial backing with Homes England's involvement. In response to the contractor's failure, both parties have committed to finding a replacement builder to resume work, attempting to keep delays to a minimum.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.