South West-based not-for-profit housing association Selwood Housing has secured a £55m revolving credit facility from Lloyds Bank, which will allow it to press ahead with plans to build 1,700 affordable and energy-efficient homes by 2034.
The housing association is working to ensure that all of its homes are rated EPC C or above by 2030, ahead of the government’s regulatory requirement of 2035. Currently, 75% of its housing stock is rated EPC C or above, with more than 90% of its new builds being built to a minimum rating of EPC B.
Mark Mayler, group finance director at Selwood Housing, said: “Our commitment to supplying affordable and sustainable housing to help revitalise our local communities remains at the heart of everything we do. Lloyds Bank has backed our vision from the very start and this latest support will ensure we can continue to make a real difference and tackle the housing challenge head on in the South West for many years to come.”
Valeriia Watts, associate director of real estate and housing at Lloyds Bank, added: “The team at Selwood Housing recognise how important it is to build homes that can both help plug the housing gap in the coming years but are also fit for the future. We’re proud to support vital housing providers like Selwood Housing to help them reach their sustainability targets and give more people access to affordable housing.”
