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Lloyds delivers third green retrofit loan, accelerating social housing transformation across the UK

Lloyds Banking Group
Published on: 30 October 2025
2 min read
  • Third deal in 2025 brings total homes set to benefit from retrofit upgrade to over 11,000, supporting an estimated 2,000 highly skilled construction jobs
  • Combined loans total almost 50% of the Group’s £500 million lending commitment partially guaranteed by the National Wealth Fund

 

Lloyds has delivered a third green retrofit loan so far this year marking a significant milestone in its mission to improve the sustainable upgrade of the UK’s social housing stock.

Building on an existing relationship between Lloyds and leading housing provider VIVID, a new loan agreement of £50 million has been secured to fund the sustainable retrofit of around 2,000 homes across Hampshire, Surrey, Berkshire and West Sussex.

VIVID’s strategic retrofit plans are central to its long-term sustainability goals. The housing provider is targeting all homes to reach EPC C or above by 2030, with a phased programme of insulation upgrades, low-carbon heating systems, and solar panel installations.

The loan will help accelerate VIVID’s efforts to reduce carbon emissions, lower energy bills for customers, and futureproof its homes against climate challenges. The retrofit programme also supports VIVID’s commitment to social value, helping customers benefit from healthier, more energy-efficient homes.

It builds on two announcements earlier this year with UK housing associations, Peabody and SNG. Across the three financing deals, Lloyds has so far this year delivered £210 million of up to £500 million of loans to registered providers of social housing to enable the retrofit of their stock, partially guaranteed by the National Wealth Fund (NWF).

Lloyds’ ongoing commitment to assist sustainable retrofit programmes is helping to unlock economic opportunity in local communities across the UK, supporting an estimated 2,0001 highly skilled jobs in plumbing, insulation, and renewable energy installation - according to NWF - while improving living standards for over 11,000 homes.

We’re proud to build on our existing relationship with Lloyds on this £50 million green retrofit loan backed by the National Wealth Fund. This funding continues our commitment to provide our customers with warmer, more energy-efficient homes and help reduce carbon emissions. This will really improve the lives of our customers.

David Ball, Chief Financial Officer, VIVID

This third retrofit loan delivered so far this year is more than a financial transaction, it’s a signal of our long-term commitment to help ensure families have a safer, warmer and more efficient place to call home. We’re proud to work alongside leading housing associations like VIVID to support them with their retrofit ambitions and help deliver economic benefit, not just for residents, but for the wider communities around them.

Jess Tomlinson, Global Head of Real Estate & Housing, Lloyds Banking Group

We’re delighted to see the continued progress Lloyds is making to support housing associations with the attractive financing they need to deliver warmer, greener homes for their customers. It is encouraging to see providers like VIVID accessing a variety of products under our guarantee scheme, with hundreds of millions of pounds backed by the National Wealth Fund already allocated to vital retrofit measures.

Stuart Nivison, Head of Portfolio Management, National Wealth Fund

 

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