South Yorkshire Housing Association has secured a £50million funding package from NatWest.

The funding will be used to help deliver green upgrades to its existing properties and build 620 new sustainable homes.

The organisation, headquartered in Sheffield, will use the funds to roll out its plans to achieve zero carbon across its housing stock. This includes upgrades to its properties to improve energy efficiency, reducing its carbon footprint and reducing utility bills for customers.


The funding from NatWest will also enable the housing provider to grow its portfolio by 620 new homes over the next five years, helping to increase affordable and sustainable housing levels in the region.

Robert Young, finance director at South Yorkshire Housing Association said: "Ultimately, we serve local communities by building properties that create genuine social value, and this funding package from NatWest is really helping us bring our vision to life. We hope to enhance local communities by delivering on our promise to provide sustainable homes at affordable rents.

"The bank's backing is also helping us transition towards decarbonisation, in line with national targets of becoming carbon zero by 2050. This can only be achieved through the creation of truly sustainable properties, and we will look to deliver this by adding to our portfolio and upgrading our existing properties."