Auxesia secures £25m boost from HSBC

The Knutsford-headquartered, for-profit registered provider said that money will help support its plans to deliver 1,300 homes by 2030.

Auxesia Homes has agreed a £25m three-year social loan from HSBC, which it says will be used to both refinance its existing £10m debt and to enable its future growth.

“Auxesia Homes is in an incredibly strong position having successfully delivered hundreds of quality homes through its, ‘for-profit’, financial model,” said interim chief executive Claire Donnelly.

“Having carefully developed and honed this model, we want to continue to scale up, both in terms of geography and volume,” she continued.

Auxesia’s planned 1,300 homes will be all new-builds with between one and four bedrooms. Auxesia is looking at constructing both houses and apartments, with its properties available for affordable rent or shared ownership. The RP already has 300 homes in its immediate pipeline.

Graham Fleming, real estate finance relationship director at HSBC UK said: “With demand for affordable housing continuing to rise, it’s essential that innovative providers like Auxesia Homes have access to flexible, purpose-driven funding.

“At HSBC UK, we’re committed to supporting the housing sector with financial solutions that foster growth and long-term resilience,” he continued.

“Auxesia’s ambitious plans and proven model align closely with our values, and we’re proud to support their expansion as they deliver meaningful social impact across the UK.”

Centrus Advisors and Anthony Collins Solicitors advised Auxesia on the deal with HSBC.