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Lloyds Banking Group backs Orbit Group with £195 million finance package

Lloyds Banking Group
Published on: 12 January 2026
2 min read
  • The package brings together banking and long-term investment expertise from across Lloyds Banking Group. 
  • Includes social housing retrofit loan as part of Lloyds Banking Group’s £500m commitment to help decarbonise social housing, partially guaranteed by the National Wealth Fund.

 

Lloyds Banking Group has agreed a £195 million finance package with Orbit Group, one of the UK’s leading housing providers, to upgrade thousands of social homes across the Midlands, East and South East of England, helping families enjoy warmer, safer and more affordable living conditions.

The deal brings together banking and long-term investment expertise across Lloyds Banking Group, including Scottish Widows, and reflects the Group’s commitment to support the transformation of the UK’s social housing stock. 

The funding will support investment in existing homes, customer experience, and the development of new and regenerated properties, while accelerating energy efficiency upgrades to ensure all homes achieve EPC band C or above by 2030. 

This includes improving insulation and installing energy efficient measures to reduce carbon emissions and will help to ensure residents enjoy the benefits of a warmer and more affordable home, as well as helping to create healthier, more sustainable communities.

Key elements of the finance package include:

  • £90m refinance and increased credit facility: Orbit’s existing facility has been increased to £90m, structured as a sustainability-linked loan. This provides greater financial flexibility to support Orbit’s operations and future investment plans, while incentivising progress on decarbonisation and social outcomes.
  •  £30m retrofit loan: Partially guaranteed by the National Wealth Fund, the loan supports Orbit’s energy efficiency programme and forms part of Lloyds Banking Group’s broader £500m commitment to support social housing retrofit.
  • £75m package from Scottish Widows: Combines existing debt with new funding and extends the term to provide Orbit with long-term certainty and flexibility for future investment and planning.

Orbit will use the finance package to deliver its 2030 Strategy, aiming to further its ambition to provide amongst the best customer experience of any UK housing association. 

We are delighted to be working with Lloyds Banking Group and the National Wealth Fund. This arrangement will support us in continuing to provide good quality, energy efficient, affordable and safe homes, whilst continuing our drive to create inclusive and sustainable neighbourhoods so more people have a good quality home that they can afford, in a place that they are proud to live.

Anthony Homan Finance Director – Corporate Finance & Group Reporting, at Orbit Group

This finance agreement demonstrates how we can bring the full strength of Lloyds Banking Group to support clients like Orbit. By combining our banking and long-term investment expertise, we’re helping the sector deliver more sustainable homes and improve the living experience for residents.

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

We’re pleased to see Orbit secure this latest finance package to deliver more energy efficient homes for its residents across the UK. Financial Guarantees provided by the National Wealth Fund are ensuring that lenders like Lloyds can continue to help registered providers access the financing that they need to deliver homes fit for the future.

Stuart Nivison Head of Portfolio Management, National Wealth Fund

 

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