Tag: Lloyds Banking Group

Innovative property-linked solution could accelerate the decarbonisation of UK buildings, according to groundbreaking report

Stuart Mitchell

The Green Finance Institute (GFI), in partnership with Lloyds Banking Group and NatWest Group, has unveiled a groundbreaking report outlining the potential for an innovative green finance mechanism, Property Linked Finance (PLF), to channel billions of pounds worth of private investment into sustainable retrofit across the UK. The report sets out a series of guiding principles and key steps for how PLF should be designed and launched in England and Wales, including calling for enabling legislation from the government as well as the establishment of pilot programmes, initially in the…

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National Wealth Fund, Barclays UK Corporate Bank and Lloyds Banking Group join forces to unleash £1 billion to retrofit social housing

Stuart Mitchell

The NWF has announced financial guarantees that will see Barclays UK Corporate Bank and Lloyds Banking Group deliver £1 billion of funding to accelerate the retrofit of social housing in the UK. Barclays UK Corporate Bank and Lloyds Banking Group will each deliver £500 million of lending to the market that has been enabled by financial guarantees of up to £750m provided by the NWF. The guarantees will support both shorter duration loans to be provided by Lloyds Banking Group and mid-to-long duration loans to be provided by Barclays UK…

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Lloyds Banking Group raises over £2.5 million for crisis and extends charity partnership

Stuart Mitchell

Lloyds Banking Group and national homelessness charity Crisis have announced that they are extending their partnership, in response to the clear societal need for more affordable homes across the UK. Lloyds Banking Group and Crisis teamed up in 2023 for an initial two-year term, but the extension means the partnership will now run until at least 2026. The Group’s partnership with Simon Community in Northern Ireland will also be extended, reflecting a UK-wide response to homelessness.  With over 272,000 households experiencing homelessness in England, Scotland and Wales, Lloyds Banking Group…

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Lloyds Banking Group makes major investment in net zero head office

Stuart Mitchell

Lloyds Banking Group will re-open its office at 33 Old Broad Street from November 2024. The building, already owned by the Group, has undergone extensive refurbishment in the last 18 months.  The new workspace will boast state-of-the-art technology and facilities with increased shared and social workspaces to help colleagues to connect, collaborate and innovate for customers. It also includes inclusive design features like sound absorbing materials, focus workspaces and maximised use of natural light.   The refurbishment has also seen 33 Old Broad Street transformed to become significantly more energy efficient.…

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Lloyds Banking Group to convert old data and office sites into new social housing

Stuart Mitchell

To increase the supply of new social housing in the UK, Lloyds Banking Group has announced intentions for the redevelopment of decommissioned Group data centres and former office sites into new social housing projects.  The Group has plans to identify suitable housing partners in the regions who will be responsible for redeveloping the sites to increase the availability of social housing. The construction of the first site in Pudsey, formerly an office and data centre, is set to commence in 2026.  Subject to planning permission, the first redevelopment in Pudsey,…

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