Lloyds Bank to fund thousands of sustainable Welsh homes

The leading national bank is set to provide a £100m funding boost to help deliver 10,000 environmentally friendly homes in South Wales.

This week Lloyds Bank have announced that over the next 10 years they will provide £100m to help deliver more sustainable homes that will not only help the planet, but also help people in South Wales save more money in the long run.

Pobl Group, the social housing providing who are delivering the new properties over the next four years, have claimed 95 of the homes will have an EPC B rating or above, while bringing forward close to 1,000 houses which meet EPC A standards.

The new properties are set to be located across the South Wales M4 corridor, from Newport and Monmouthshire in the east to Swansea and Pembrokeshire in the west.

As homes become more energy efficient, they will be able to keep heat in for longer, meaning residents will be able to save money on high heating costs.

Against this backdrop, the development group are also investing in zero carbon renewable energy schemes. Projects include energy retrofit scheme the Penderi Energy Project, with the main phase if installations completed in July, covering 518 out of 644 homes in Swansea.

James O’Connor, director of corporate finance at Pobl Group, said: ‘As Wales’ largest social housing provider, our latest high efficiency homes represent a change to how housing is built and managed on a really significant scale.

‘Integrating solar panels and smart batteries, leveraging heat networks, improving insulation, and providing electric vehicle charging are just some of the raft of measures our team is reviewing and delivering as part of our sustainable development plans.

‘This work is supported by the finance provided by Lloyds Bank, which helps us to make a major difference to South Wales’ current and future housing needs.’

Jatinder Dhaliwal, regional housing director at Lloyds Bank, said: ‘Pobl shows a palpable sense of responsibility to the climate and its customers, which are central to its ambitious development plans that will enhance the lives of thousands of families across South Wales.

‘We’re proud to back pioneers like Pobl as they have quickly understood and responded to the opportunities and challenges that net zero presents for UK housing.’

Image: Josue Isai Ramos Figueroa

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