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
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…
Read MoreLloyds Banking Group makes major investment in net zero head office
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.…
Read MoreLloyds Banking Group to convert old data and office sites into new social housing
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,…
Read MoreLloyds Banking Group appoints Khadija Ali as Group Director of Sustainability and Responsible Business
Lloyds Banking Group has appointed Khadija Ali as Group Director, Sustainability and Responsible Business. In the newly created role, Khadija will be responsible for leading the Group’s Social Sustainability and Environmental Sustainability teams. Khadija will report into the Group’s Chief Sustainability Officer, Andrew Walton. Khadija is a recognised sustainability leader with extensive experience and a deep understanding of the critical role financial services play in building a more sustainable and inclusive society. Khadija joins from EY where she led the UK Climate Change and Sustainability Services practice and advised global…
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