Housing Association Secures £50m Retrofit Loan
A housing association in the South of England has secured a £50m loan from a major bank to retrofit 2,000 homes.
Vivid, the housing association, has agreed the loan with Lloyds Bank to fund the retrofit of its homes across Hampshire, Surrey, Berkshire, and West Sussex.
- Insulation upgrades
- Low-carbon heating systems
- Solar panel installations
The goal is to bring all 37,000 homes up to an Energy Performance Certificate (EPC) rating of C or above by 2030.
Lloyds said the loan will help accelerate Vivid’s efforts to reduce carbon emissions, lower energy bills for customers, and future-proof its homes against climate challenges.
This is Lloyds’ third green retrofit loan of the year, following previous deals with housing associations Peabody and SNG.
Author's summary: Vivid secures £50m loan for retrofitting homes.
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