Thirteen Group secures £30million deal with NatWest to support green improvement plans [Archived]

The funding includes a new to market Housing Green Retrofit Loan (HGRL) which forms part of a larger transaction through which NatWest will continue to be one of our main strategic funding partners.

We will use the HGRL funding from NatWest to deliver a programme of retrofit works. The project will help us deliver our wider commitment to reduce carbon emissions by 100 per cent by 2050, in line with government targets.

David Horne, Relationship Director Real Estate Finance at NatWest, said: “We have had a long-term relationship with Thirteen, who are committed to building and maintaining high quality sustainable housing across the communities they operate in. This funding will enable the group to move forward with works to support what is a significant upcoming investment to help transition their existing properties towards net-zero.

“It has been great to work with a forward-thinking organisation like Thirteen in order to successfully complete the pilot phase or our Housing Green Retrofit Loan roll-out, and hopefully, this will help continue to provide their tenant base with affordable homes that are sustainable in the long-term.”

Andrew McColl, our Interim Chief Finance Officer, added: “This additional £30million funding will enable us to accelerate our retrofit programme, benefiting thousands of customers by making their homes more energy efficient.

“It’s a landmark deal for us, and one which reflects our reputation as a trusted housing association with a proven track record of investment in our homes and a clear commitment to achieving net zero.

“We look forward to continuing our excellent relationship with NatWest as we deliver these improvements for our customers."