Tuesday, 13 March 2018

Lloyds Bank Launches New £500m Fund For Social Housing Sector


Lloyds Bank Commercial Banking has launched a £500m fund for housing associations as part of its wider commitment to the housing sector. The fund will provide financing to housing associations including longer-dated debt with terms of up to 10 years. It will be available to the bank’s existing group of almost 200 social housing clients in its Mid-Markets segment, each of which own and manage over 1,000 units. This commitment is in addition to Lloyds Bank’s £750m support for the UK’s social housing sector this year, part of a wider pledge to provide £2.25bn of funding between 2018 and 2020. Read more on 24housing.

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