Housing Plus Group secures £961m funding package
Social housing provider Housing Plus Group has secured financing of £961m from five banks as it ramps up plans to build 3,500 extra homes by 2031.
The package, agreed with Nationwide, NatWest, Santander, AIB, and Barclays, builds on £806m of existing facilities, taking the group’s agreed loan portfolio to more than £1.3 billion.
Housing Plus Group says the refinancing deal reflects lender confidence in its long-term plans.
“This is a transformative moment for Housing Plus Group. Not only have we built on the strong foundations with existing funders, but we have also developed new relationships as part of this work,” said Richard Nowell, interim chief finance officer at Housing Plus Group.
“It helps us realise core pillars of our corporate strategy – to improve the group’s financial resilience and capacity, and to fund doing more for our customers. Crucially, we have simplified and restructured the funding picture for the Group, removing risk and allowing space for future growth.
Housing Plus Group owns and manages around 33,000 properties across the West Midlands, and in 2025 completed a merger with Shropshire-based Wrekin Housing Group.
The group was supported by Savills and Trowers & Hamlins in negotiations.
