Plus Dane Housing refreshes financing

HSBC UK has become a strategic lender for the Liverpool-based registered social landlord, following completion of a five-year £60m loan facility.

Securing HSBC UK funding will provide assurance that Plus Dane Housing can maintain its momentum investing in existing homes while also supporting growth targets, the organisation said.

HSBC joins existing lenders Santander and NatWest.

Scott Owen, head of treasury at Plus Dane, said: “Last year our board challenged us to secure good value funding to deliver the 2025-26 business plan and maintain liquidity through to our next scheduled refinancing in April 2027.

“With the assistance from Centrus and the Devonshire’s legal team securing HSBC UK as a new strategic lender, with a five-year £60m loan facility at competitive rates ensures we are in a great position to deliver our future plans.

“The strategic deal and financing is a strong endorsement of our financial position and delivers good value for money for Plus Dane customers.”

From left: HSBC’s David Whelan with Plus Dane directors Ian Reed and Scott Owen. Credit: via Grayling

David Whelan, director of social housing at HSBC UK, added: “It’s fantastic to welcome Plus Dane as a new HSBC UK customer with a new loan facility that will help support the group’s continued focus on investment in existing homes alongside their development ambitions.”

Plus Dane Housing is celebrating 50 years as an organisation in 2026, with a history of social housing and care home development. Today, Plus Dane Housing operates 13,500 homes across Cheshire and Merseyside, providing a home to 30,000 customers.

Current Plus Dane projects include 63 homes within the Foundry Lane masterplan in Widnes, and a site in Bootle that formerly housed Johnsons the Cleaners’ headquarters.

The organisation, which lost an appeal over 68 homes in Alsager in summer 2025, this month reached the halfway mark on the affordable homes part of a Bellway scheme in Croft, Warrington.