Trust secures £10m loan for energy-efficient homes

Trust secures £10m loan for energy-efficient homes

(credit: George Iordanov-Nalbantov)

Social housing landlord and care and support provider Trust Housing Association has secured a £10 million loan from Royal Bank of Scotland to provide homes for tenants across the country, from Stornoway to Stranraer.

Having recently marked its 50th anniversary, Trust was first established in 1973 and has since grown to manage a portfolio of over 3,700 properties across 23 local authority areas and over 700 staff members.

The funding deal will enable Trust to continue to invest in local communities through the provision of affordable, sustainable new build properties, as well as retrofitting its existing homes to increase energy efficiency and help alleviate pressures for tenants throughout the cost-of-living crisis.

Trust secures £10m loan for energy-efficient homes

Trust’s new developments are designed to be as environmentally friendly as possible, incorporating zero heating systems which help to reduce carbon emissions and alleviate fuel poverty.

Trust is a specialist in housing and support services for older people, tailoring their provision of care to suit individual needs and helping customers live independently while giving family members and loved ones peace of mind.

Zoe Purdie, director of finance and people at Trust Housing Association, said: “With homes across the length and breadth of Scotland, we’re deeply rooted in the communities we serve and work hard to create genuine connections with our tenants – from those looking a helping hand later in life, to young families setting up their first home.

Trust secures £10m loan for energy-efficient homes

“Our customers are facing significant challenges amid the cost-of-living crisis, and we’re committed to supporting them by providing high quality, affordable homes which work towards Scotland’s net zero targets.

“Funding from Royal Bank of Scotland will make a significant impact as we work towards our ambitious strategic growth plan and continue to invest in local communities.”

Alan Newlands, relationship manager at Royal Bank of Scotland, added: “At Royal Bank of Scotland we’ve worked alongside Trust Housing Association for over 25 years and as a purpose-led organisation, much like ourselves, we are continuously inspired by the dedication of its team in providing safe and affordable for thousands of tenants across the country.

“Whether a longstanding customer or a new relationship, Royal Bank of Scotland is committed to supporting ambitious businesses and organisations who are looking to make a positive impact in local towns and communities. We’re excited to support Trust as they continue to evolve and provide not just houses, but homes.”

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