Insights > Deals
NatWest lends £50 million for Great Places' rental development programme
26 October 2026 | Financing | UK | 500 units | Development
The social loan will be combined with grant funding to support new affordable rental housing in the North West and South Yorkshire.
Key details
Asset type | Development |
Location | Undisclosed |
Capacity | 500 units |
Borrower | Great Places Housing Group |
Lender | NatWest |
Value | £50 million |
Source: NatWest
The £50 million social loan, arranged with advice from Savills Financial Consultants, will be used alongside grant funding to deliver 500 social‑rent homes.
The developments will be located across the North West and South Yorkshire, with the financing supporting Great Places' wider treasury and development programme.
Strategic context
The borrowing supports Great Places' existing development and treasury programme, with grant funding combined with the loan to make social‑rent development financially viable. NatWest is expanding its lending activity in the housing associations sector through a dedicated social‑rent funding initiative.
This financing approach supports the delivery of new supply without relying on market‑rent income.
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