Together Housing Group secured a £50 million investment from NatWest Group for sustainable upgrades to improve energy efficiency in over 38,000 affordable properties.

Information on the Target

Together Housing Group (THG) is a prominent affordable housing association in the UK, overseeing a portfolio of over 38,000 properties located across Yorkshire, Lancashire, and the North Midlands. THG is dedicated to enhancing the living conditions of residents by integrating sustainability into its operations. Recently, the organization secured a significant financial backing of £50 million from NatWest Group, specifically earmarked for sustainable upgrades and retrofitting projects aimed at improving energy efficiency in its residential properties.

This groundbreaking funding arrangement not only marks a notable step for THG but also sets a precedent as the first use-of-proceeds loan completed by any UK bank within the affordable housing sector. The loan leverages Green Loan Principles and supports THG's mission to reduce carbon emissions while maintaining affordability for residents.

Industry Overview in the UK

The affordable housing market in the UK is facing a diverse array of challenges, driven by rising demand and financial constraints on construction and maintenance budgets. With a growing population and escalating hous