The social housing provider, Thirteen Group, will use the funding from NatWest’s new Housing Green Retrofit Loan (HGRL) to carry out the project across its property portfolio.
The project is part of Thirteen’s commitment to reduce carbon emissions by 100 per cent by 2050, in line with government targets.
The HGRL is part of a larger transaction, through which NatWest will provide a total funding package of £211 million to help Thirteen achieve key strategic priorities.
David Horne, relationship director for 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.”
Andrew McColl, Thirteen’s interim chief finance officer, said: “This additional £30 million 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 Thirteen, 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.
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“We look forward to continuing our excellent relationship with NatWest as we deliver these improvements for our customers.”
Thirteen Group owns and manages more than 36,000 properties across the North East, Yorkshire and Humber regions and provides homes and services for around 100,000 customers.
The housing association employs more than 1,500 people and has invested almost £250 million in new and existing homes in 2023/24.