Plymouth HA gets £65m backing from NatWest

Housing association Plymouth Community Homes has secured a £65m loan from Natwest. It will use the eight-year loan to build 1,000 affordable homes and upgrade its 16,000-home portfolio. PCH is aiming to deliver the new housing in and around Plymouth by 2026. The majority will be affordable rented, alongside some shared-ownership homes. Nick Jackson, director of business services and development at PCH, said: “The funding arrangements mean we will be able to undertake the modernisation of our blocks of flats with more flexibility.” The loan is part of NatWest’s strategy to deploy £3bn of finance to housing associations by the end of 2022 to support new social housing and improvements to existing homes.   To send feedback, e-mail emma.rosser@eg.co.uk or tweet @EmmaARosser or @EGPropertyNews Image from Plymouth Community Homes