Lloyds Banking Group has announced a significant new finance package worth £65 million with housing association Amplius, set to benefit 40,000 households across the Midlands, East and Southeast of England. The package combines a £30 million green retrofit loan partially guaranteed by the National Wealth Fund (NWF) with a £35 million increase to Amplius's existing revolving credit facility (RCF), bringing the total facility to £150 million.
Key Details of the Announcement
The agreement will accelerate home upgrades and investment in existing properties across Amplius's portfolio. Over 80% of Lloyds Banking Group's £500 million social housing retrofit commitment has now been allocated to seven housing associations across the UK, including this latest deal with Amplius.
This green retrofit loan marks the seventh agreement Lloyds has completed through the NWF since summer 2025, following deals with Wheatley, Sanctuary, Orbit, VIVID, SNG, and Peabody. With this agreement, over £400 million of the Group's £500 million commitment has been allocated.
Statements from Key Figures
Rob Griffiths, Deputy Chief Executive of Amplius, said: "We're very pleased to have agreed this finance package with Lloyds. It represents another landmark for Amplius and will help us to improve our affordable housing offer as we ensure we're doing everything we can to enable people to thrive within the communities we serve. One of the key drivers behind our merger is to go further and do more for our customers, and this level of investment will help us provide an even better repairs service and make our homes safer and more energy efficient."
Stuart Nivison, Head of Portfolio Management at the National Wealth Fund, commented: "This loan, the seventh National Wealth Fund-backed loan to be issued by Lloyds, is a great example of how we're helping to unlock long-term investment into the retrofit sector. This facility will help Amplius accelerate upgrades, delivering warmer, safer, and more energy-efficient homes for residents across the UK."
Jess Tomlinson, Global Head of Real Estate & Housing at Lloyds Banking Group, added: "We're proud to back Amplius as it delivers on its ambition to improve homes and outcomes for residents. This latest loan, partially guaranteed by the National Wealth Fund, alongside the increase to existing facilities, strengthens their ability to invest at pace in energy-efficiency upgrades and essential works. With 80% of our NWF-backed commitment now allocated, this partnership marks another important step in supporting the sector's long-term outlook."
Impact on Residents
The finance package will enable Amplius to invest in existing homes across its portfolio of 40,000 houses, focusing on energy efficiency improvements, safer homes, and better repair services. This initiative aligns with broader efforts to upgrade social housing and reduce carbon emissions.
