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Association borrows £25m from Lloyds

A West Midlands housing association has borrowed £25m from Lloyds Bank.

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Association borrows £25m from Lloyds #ukhousing

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Rooftop Housing Group, which is based across Worcestershire and Gloucestershire, secured the finance last week to further its development plans.

These include plans for 499 social and affordable rented homes, 201 shared ownership homes, 53 for market sale, seven Gypsy and Traveller pitches and one commercial unit.


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View from the Rooftop View from the Rooftop

Caroline Dykes, finance director at Rooftop, said: “Rooftop has seen a period of expansion with 11 new developments in the past year.

“The new funding will help us increase our units by 12% in the next five years, to better facilitate the housing needs across Worcestershire and Gloucestershire, so we look forward to seeing these develop.”

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