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The NWF has announced financial guarantees that will see Barclays UK Corporate Bank and Lloyds Banking Group deliver £1Bn of funding to accelerate the retrofit of social housing in the UK.
Barclays UK Corporate Bank and Lloyds Banking Group will each deliver £500M of lending to the market that has been enabled by financial guarantees of up to £750M provided by the NWF. The guarantees will support both shorter duration loans to be provided by Lloyds Banking Group and mid-to-long duration loans to be provided by Barclays UK Corporate Bank, ensuring that financing will cater to every aspect of the social housing market.
The NWF will help create a stable investment environment by mobilising private capital around the Government’s strategic priorities, enabling the market to invest with confidence in clean
link source - Construction Media