Lloyds has agreed a new £88m finance package with Trent & Dove to enable the housing provider to deliver more affordable homes across Staffordshire and Derbyshire.
The new finance package includes £58m from Scottish Widows, part of Lloyds Banking Group, which combines existing debt with new funding and extends the term, and a £30m revolving credit facility.
Trent & Dove owns and manages more than 6,500 homes across East Staffordshire, South Derbyshire and North West Leicestershire.
Shona Brown, associate director – loan investments at Scottish Widows, said: “Trent & Dove is a trusted and important housing provider for thousands of people in the UK. We are pleased to support its long-term plans to improve homes, strengthen neighbourhoods and deliver the services that matter most to residents.”
Jan Griffiths, resources director at Trent & Dove, added: “This investment demonstrates Trent & Dove’s long‑term commitment not only to building new, high quality homes, but also to looking after the homes we already provide. Alongside delivering much‑needed new development, we remain focused on maintaining safe, well‑kept properties and continuing to deliver the community support that makes a real difference to our customers.”
