South Liverpool Homes secures £40m NatWest green deal
The housing association plans to use the funds to build 280 homes in the South Liverpool area over the next five years.
NatWest’s £40m fixed-rate funding will allow South Liverpool Homes to offer affordable rent and low-cost home ownership.
This is the first time SLH has worked with NatWest. In the year ending March 2022, the company had a £35m loan agreement with Yorkshire Building Society, and £15m with M&G Investments.
The funding package has been designed to help the housing provider ensure that its new-build properties meet sustainability targets.
Martin Skinner, director of housing finance at NatWest, said: “The amazing work that South Liverpool Homes is doing to create more affordable sustainable homes across the region is vitally important, particularly at this time, and we’re thrilled to be able to offer them a finance package that is closely linked to meeting sustainability targets.”
Reporting a group turnover of £20m in 2022, SLH currently owns and manages approximately 3,850 homes in the South Liverpool area. These are predominantly based in Speke and Garston.
SLH also seeks to invest £52m into making energy improvements to its existing properties over the next five years.
Mark Chambers, executive director of finance at SLH, said: “This deal will allow us to make significant progress against our sustainability objectives and help us build new homes to the highest level of efficiency as well as improve the efficiency of our existing homes.”
The investment will also allow the company to continue ongoing environmental and social initiatives, such as a local low-waste community shop and offering employment advice for tenants.
Liverpool City Council loves going on about it`s heritage, and aspiring to achieve highest design standards and quality, yet it doesn`t seem able to get that message across to social housing providers in the city who in the main continue to churn out these dull unimaginative semis that can be seen in any city or town up and down this country.
Housing in Liverpool had a great feel to it once but there are not many examples of it now in the current crop of developments, you only have to see how the Welsh Streets have been revitalised to see what is possible.
By Anonymous
Agreed, once a European pioneer in shared housing Liverpool’s the social housing providers such as LSH are out of step with contemporary architecture practice and seriously need to up their game.
By LEighteen
Any idea where they will build? Can’t think of many sites with capacity for hundreds of houses in the area.
By babberton