Mill Bay Homes is different to that of traditional house builders – it is essentially a business with a social purpose. Profits made from the sale of these properties is gift aided to its parent company, ateb Group for the purpose of re-investment in affordable housing across West Wales.
Over its 9 years of operating, Mill Bay Homes has gift aided 100% of its profits, exceeding £8m back to ateb to provide more socially rented homes that would not have been built without this initiative.
A development of 29 new homes in Knowling Mead, Tenby was made possible wholly using Mill Bay gift aid.
Adjacent to The Cornfields, Sageston development is Stover Avenue, a mixture of 40 affordable homes for rent, developed by ateb Group.