Lloyds sets out £500m package to boost UK affordable housing supply

Lloyds Banking Group has set out a new £500m finance package to help small and specialist housing providers across the UK. 

The funding is aimed at smaller housing associations and providers to help them access long-term capital for building and maintaining affordable homes. 

Charlie Nunn, group CEO at Lloyds Banking Group, said: “Small and specialist housing providers are uniquely connected to communities across the country, and our new £500 million commitment will boost their impact and delivery for those most in need. 

“There is no single solution to the housing challenge but, with greater cross-sector collaboration as we’ve seen through the Social Housing Initiative, we can generate the finance, ideas and partnerships required to increase the supply of genuinely affordable homes.”