Gloucester City Homes agrees £130 million funding deal

The housing association says it will spend £19 million on energy efficiency improvements to ensure all of its homes are at least EPC C by 2030 and will invest a further £60 million to deliver almost 400 new homes – including 150 through the regeneration of some existing estates – to help tackle housing need in Gloucester.

Commenting on the new funding package, Anne Southern, executive director of business resources at Gloucester City Homes said:

“In a time when the sector is facing so many challenges in tackling the housing crisis, GCH is delighted to have completed a new funding arrangement with our existing funders at NatWest and we look forward to building on our already strong relationship with them. The new arrangement will enable us to continue to invest in communities across Gloucester, improve the energy efficiency of many of our homes, deliver regeneration in our communities and build much-needed new homes. The team at NatWest, along with those at Savills Financial Consultants and Anthony Collins Solicitors, have worked with us to create a deal that allows us to build on our success and also create certainty on cost for a significant amount of our funding.”