Peabody secures £60m loan for social homes retrofit from Lloyds

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Agreement is the largest to date under the National Wealth Fund’s £1.3bn social housing retrofit guarantee scheme

Peabody has announced a £60m loan agreement from Lloyds Banking Group to fund the sustainable retrofit of thousands of social homes across London and the Southeast.

The loan, partially guaranteed by the National Wealth Fund (NWF) is the largest issued to date under the government-backed £1.3bn social housing retrofit guarantee scheme.

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