An impressive £33.5m funding facility has just been agreed with Lloyds TSB helping to secure new funding for Irvine Housing Association’s ambitious growth and investment plans.

 

Paul Hillard, Chief Executive of Irvine Housing Association explains: “We are an ambitious housing association looking to grow and develop in the years ahead.  We see huge opportunities to partner with others, to grow and bring vital economies of scale as we strive to deliver greater numbers of quality homes to meet the needs and aspirations of the customers we serve”.

 

 “To achieve this in the long term it was necessary to secure a new competitive funding facility which we have now successfully negotiated with Lloyds TSB.  The new funding facility not only covers existing financial commitments but more importantly provides us with vital new development and investment funding – all of which will help us deliver much needed affordable housing across south west Scotland in the years to come”.

Paul ends by saying: “Lloyds TSB, on entering this new agreement with Irvine Housing Association, recognises that we are a sound financial and well run organisation which is, without doubt, going places.”

 

Graeme McDougall, Relationship Director – Public & Community Sector, Lloyds TSB Scotland said: “We are delighted to put in place a long term funding facility for Irvine Housing Association. We look forward to working closely with the Association in the years ahead and supporting their ongoing development programme. This is a further signal of our continued support for the Social Housing sector in Scotland.”