£1bn initiative launched to retrofit UK social housing

The National Wealth Fund, in partnership with Barclays UK Corporate Bank and Lloyds Banking Group, has launched a £1 billion funding initiative aimed at retrofitting social housing across the UK.

The National Wealth Fund (NWF), Barclays UK Corporate Bank, and Lloyds Banking Group have announced a major funding initiative to support the retrofitting of social housing across the UK.

This £1 billion package aims to improve energy efficiency and reduce the carbon footprint of social homes.

The new initiative, backed by up to £750 million in financial guarantees from the NWF, will see Barclays and Lloyds each provide £500 million in loans to social housing providers.

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