How the social housing sector is rising to recent economic challenges

The events of 2022 have shone a spotlight on the importance of sustainable housing. Unprecedented disruption to energy supply chains have pushed gas and electricity prices through the roof, piling ever more pressure on households and prompting government intervention on a massive scale.

But it doesn’t have to be this way.

Building more efficient homes can significantly reduce the amount of energy they use, bringing down bills for good and making homeowners less vulnerable to the slings and arrows of global markets.

It’s been estimated that the UK needs around 340,000 new homes every year, including 145,000 affordable homes, just to keep up with demand.

But retrofitting existing homes is also essential; as many as 80% of current homes will still be being lived in by 2050.

Supporting the social housing sector

Lloyds Bank have been focussed on enabling the supply of new homes, delivering £2.4bn (PDF, 8.4MB) in sustainability-linked funding for social housing providers since 2021.

Additionally, the free Green Buildings Tool is helping property owners prioritise the most effective energy-efficient investments in their buildings. It’s already been used to assess more than 240,000 social homes, generating insights that will inform ongoing investment in their green credentials.

Our downloadable report (PDF, 7MB) outlines how some of our customers are facing into the recent economic challenges with the support of industry benchmarking, the Green Buildings Tool and sustainability-linked loans:

  • The Hill Group
  • Onward Homes
  • Platform Housing

"As we've seen in the past 12 months, ESG – and sustainability in particular – is top of the agenda across the housing sector, with a clear focus on expanding provision through green investment. As organisations continue to refinance and pursue growth, we'll no doubt see much of this converted into ESG-linked activity in the coming years with the ultimate aim of addressing the country's changing housing needs."

David Cleary, Managing Director, Head of Housing, Lloyds Bank

Decarbonisation of the UK Housing Sector

Read the latest report on how some of our customers are facing into the recent economic challenges with the support of industry benchmarking, the Green Buildings Tool and sustainability-linked loans.

Sustainability audit

Work your way through the questions to receive your sustainability audit rating.

Green Buildings Tool

Green Buildings Tool

Our Green Buildings Tool enables you to identify, evaluate and understand your property to make it more sustainable and energy efficient.

Green Buildings ToolGreen Buildings Tool

Sustainability in Housing

Sustainability in Housing

Catch up on our previous report which shares how some of our clients are tackling the climate challenge by building homes that are more sustainable and energy efficient.

Download the report (PDF, 2.6MB)Green Buildings Tool, PDF opens in a new window

Talk to a specialist

if you want to talk to us about anything you’ve read, please contact your relationship manager in the first instance or find a specialist

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Sustainability hub

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Clean Growth Financing Initiative

Access discounted lending for green purposes from small improvements to large-scale infrastructure.

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