SNG secures £200m funding from Lloyds to accelerate social homes investment

We’ve secured a £200 million financing package from Lloyds to support our broader plans to develop new social homes and continue investment into our existing properties across London and the South of England.

SNG currently has more than 85,000 homes and the new revolving credit facility (RCF) will support our broader plans to deliver 25,000 new homes over the next decade.

Lloyds has deepened its long‑standing support for SNG, as this latest funding follows a £100 million loan agreed in August 2025, partially guaranteed by the National Wealth Fund, to support the retrofit of thousands of homes to be warmer, more energy and cost efficient.

We’re planning significant investment over 10 years, guided by our sector leading Homes and Place Standard to ensure quality, sustainability and community impact across the homes we manage.

Peter Benz, SNG’s Chief Finance Officer, commented: “This flexible £200m facility from Lloyds gives us the headroom to keep building the affordable homes our communities need while upgrading the homes we already manage. It aligns with our Homes and Place Standard and supports our long-term investment strategy to deliver high quality, sustainable homes and thriving places.” 

Jess Tomlinson, Global Head of Real Estate & Housing at Lloyds Banking Group said: “We’re proud to deepen our support for SNG as it pushes forward with its ambition to deliver high quality, affordable homes. Building on last summer’s £100m retrofit financing, this new RCF demonstrates how we’re mobilising capital at scale for social impact – accelerating the delivery of new homes, driving essential upgrades across the South of England, and strengthening our commitment to help tackle the UK’s housing crisis by increasing the supply of sustainable, cost‑ effective‑ homes where they’re needed most.”