Lloyds Banking Group has finalized a £65 million financing arrangement with Amplius, one of the UK’s housing associations. This new package aims to work on key upgrades to existing properties and support investment across the organization’s portfolio. The deal integrates two key components: a £30 million green retrofit loan, which receives partial backing from the National Wealth Fund (NWF), and an additional £35 million extension to Amplius’s current revolving credit facility.
This boost raises the total revolving credit line to £150 million, providing enhanced financial flexibility.
Amplius manages around 40,000 homes primarily in the Midlands, East, and Southeast of England.
The funding will enable the association to speed up improvements to its current housing stock, focusing heavily on energy efficiency measures.
These enhancements are expected to deliver affordable living conditions for tenants while reducing long-term energy costs. This marks the seventh green retrofit loan facilitated by Lloyds through the National Wealth Fund since mid-2025.
Previous partnerships include agreements with prominent housing groups such as Wheatley, Sanctuary, Orbit, VIVID, SNG, and Peabody. These initiatives mean that more than £400 million—over 80%—of Lloyds’ £500 million pledge to social housing retrofitting via the NWF has now been committed to seven major associations nationwide.
The revolving credit increase will bolster Amplius’s liquidity, allowing it to maintain momentum on critical maintenance and safety works for existing properties while progressing with new housing developments in its key regions.
Formed by the merger of Grand Union Housing and Longhurst Group, Amplius has set ambitious goals for substantial investment in its homes and local communities over the next ten years.
This financing directly supports priorities like repairs, safety standards, resident wellbeing, and the modernization of older housing stock, in line with its corporate strategy.
Rob Griffiths, Deputy Chief Executive at Amplius, acknowledged the agreement. It represents a key milestone that will strengthen the provision of affordable housing.
The funding aligns with the merger’s core objective to expand impact for residents, enabling superior repair services and creating homes that are both safer and more energy-efficient.
Jess Tomlinson, Global Head of Real Estate & Housing at Lloyds Banking Group, highlighted the partnership’s role in unlocking sustained investment in the retrofit sector.
She noted that the facility will help deliver tangible benefits—warmer, safer, and greener homes—for communities across the country.
Stuart Nivison, Head of Portfolio Management at the National Wealth Fund, expressed pride in supporting Amplius’s efforts to enhance living standards.
With a large portion of the commitment now deployed, the collaboration underscores progress toward a more resilient social housing sector with solid long-term prospects.
This latest transaction reinforces Lloyds Banking Group‘s commitment to sustainable development and the UK’s property market challenges. By blending green financing with flexible credit support, the package not only addresses retrofit needs but also contributes to goals of energy efficiency, resident wellbeing, and sector stability in an increasingly challenging economic environment.