Lloyds Bank has made a major new announcement that will see thousands of households across the UK benefit from warmer and more efficient homes. The banking group is delivering its third significant green retrofit loan agreement this year, dramatically accelerating the transformation of the nation's social housing stock.
A Growing Commitment to Greener Homes
This latest deal, secured in 2025, means the total number of homes set to benefit from these vital retrofit upgrades now exceeds 11,000. This ambitious programme is also providing a substantial boost to the UK's skilled labour force, supporting an estimated 2,000 highly skilled construction jobs. The combined loans issued so far represent almost half of the Group's £500 million lending commitment, which is partially guaranteed by the National Wealth Fund.
The most recent loan agreement involves a sum of £50 million that has been secured to fund the sustainable retrofit of approximately 2,000 homes. These properties are located across several counties in the South of England, including Hampshire, Surrey, Berkshire, and West Sussex.
Industry Leaders Hail the Initiative
Stuart Nivison, Head of Portfolio Management for the National Wealth Fund, expressed his delight at the progress. He stated that the fund is encouraged to see providers like housing association VIVID accessing a variety of products under the guarantee scheme. He confirmed that hundreds of millions of pounds backed by the National Wealth Fund have already been allocated to these crucial retrofit measures.
Jess Tomlinson, Global Head of Real Estate & Housing at Lloyds Banking Group, emphasised that this initiative is more than just a financial transaction. She described it as a signal of the bank's long-term commitment to ensuring families have safer, warmer, and more efficient places to call home. She added that Lloyds is proud to work with leading housing associations like VIVID to help deliver economic benefit for both residents and their wider communities.
Real-World Impact for Residents
David Ball, CFO of the housing provider involved, commented on building upon their existing relationship with Lloyds. He stated that this £50 million green retrofit loan, backed by the National Wealth Fund, continues their commitment to providing customers with more energy-efficient homes. The funding will play a key role in reducing carbon emissions and, most importantly, will significantly improve the lives of their customers by creating warmer living environments and lowering energy bills.
