After securing a £50m deal with Clydesdale Bank, Network Housing group has highlighted growing interest in social housing projects.
Aiming to use the funding to deliver 3,500 new homes by 2019, the group will also invest in achieving strategic objectives and increasing its financial strength.
Director of finance Barry Nethercott said Network Housing continued to focus on building communities “where our residents feel proud to live”, with the new funding viewed as “a further vote of confidence” for its business strategy and “fantastic news for the communities we serve”.
An increase in interest in this area was confirmed by Clydesdale Bank senior director Brendan Brien: “The bank remains focused on supporting the growth ambitions of our customers and we are committed to expanding our presence in the social housing sector.
“The establishment of a specialist team will ensure that we provide a premier service to borrowers.”