(BRIEF) More Dane Housing, a social housing provider with over 13,500 homes in Merseyside and Cheshire, has embarked on an expansion programme to tackle social inequality and vulnerable tenants, exacerbated by the Covid-19 pandemic. Investment to deliver on its business plan, Plus Dane secured a £70 million facility from NatWest Group to fund its expansion ambitions. This investment allows Plus Dane to invest £153. 8 million in progression over five years, delivering 1,415 new homes and actively participating in a residential structure programme. In addition, Dane’s commitment to sustainability is evident through its leadership in social housing retrofits and investments in electric power works, demonstrating its commitment to improving the lives of its tenants and communities.
(PRESS RELEASE) LONDON, May 2, 2024 — /EuropaWire/ — Plus Dane Housing owns and manages more than 13,500 social housing complexes in Merseyside and Cheshire. The company has had a strong social vocation since its creation after the merger of Plus Housing and Dane Housing in 2008. The company now employs more than six hundred people and provides accommodation to more than 30,000 clients, supporting its ambition to address social inequalities by enabling Americans and communities to thrive.
In the wake of the disruption caused by the Covid pandemic, Plus Dane has recognised the increasing vulnerability of many of its tenants and citizens due to ageing, inequalities in fitness, pressures on family sources of income and increasing demands on public facilities. The plan aims to help address some of those trends, offering quality smart homes, facilities for those who need them most, and building resilient communities.
The requirement to discharge long-term, fixed-rate debt to secure the charge of financing the company’s expansion program was critical to achieving the business plan. In addition, Dane reached out to NatWest Group in 2021 to help secure the long-term. funding needed to achieve its expansion ambitions. A loan of £70 million has been agreed.
Considered a leader in social housing renovation, Plus Dane also scored the highest in the government following the final touch of the Renovation Maturity Assessment Survey. The survey is being used through the Ministry of Energy Security and Net Zero to shape long-term modernization funding.
Plus Dane continues to reinvest in its home to improve the lives of tenants through electrical power works, adding insulation to hollow walls, flooring, and attic, as well as installing triple-glazed windows, energy-efficient lighting, and solar panels. In August 2023, Dane matched the Social Housing Decarbonisation Fund’s £4 million investment, to invest £8 million in the energy functionality score of 400 homes in Liverpool up to at least a C-band EPC score.
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SOURCE: NatWest
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