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Succeeding with customers through innovation

In 2024, Together Housing Group (THG) announced a significant investment in sustainable upgrades to its portfolio of more than 38,000 properties across Yorkshire, Lancashire and the North Midlands thanks to a £50 million funding boost from NatWest Group. 

THG is the first affordable housing association to secure funding through our new Green Housing Retrofit Loan pilot scheme. The pioneering deal marked the first successful completion of a use of proceeds loan in the UK affordable housing sector by any UK bank.

The loan, which aligns with LMA Green Loan Principles, enables THG to support the installation of ground and air source heat pumps, as well as to deliver both deep and light retrofit improvements such as the replacement of cladding, roofs and windows to improve thermal and energy efficiency across its network of socially rented properties spanning 30 local authorities.

Working in partnership with NatWest Group’s ESG Advisory team to confirm the efficiency ratings of the planned upgrades, the investment will allow customers to benefit from a significant reduction in energy bills while lowering THG’s emissions across their property portfolio.

 

Mark Dunford, Executive Director of Finance and Commercial at Together Housing Group, added: "We’re proud of the progressive steps we’ve taken so far towards achieving our ambitious net-zero priorities and we are thrilled to be the first social housing association to receive this valuable funding."

"Our carbon reduction strategy puts residents at the forefront as we strive to make essential retrofit adaptations to properties, ensuring they remain energy efficient for the benefit of current and future residents."

The case studies included on our website are intended for illustrative purposes only. They are provided to demonstrate potential outcomes and should not be construed as definitive evidence. The content and reliability of these case studies are not the responsibility of NatWest Group and we make no representations or warranties regarding their accuracy. The opinions, conclusions and views expressed in these case studies are solely those of the individuals or companies who provided them and do not necessarily reflect the views or policies of NatWest Group. Readers are advised to exercise caution and to assess the relevance and applicability of these case studies and seek independent verification when relying on the case studies included in this report.

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