Sovereign Network Group has raised £400m in its first post-merger public bond issue, to help fund the construction of 25,000 new homes over the next decade.

SNG’s strategic aim is to build 25,000 new affordable homes in the next 10 years, which will be developed in line with its Homes and Place standard. Sovereign and Network Homes merged on 1 October 2023, to form SNG, which now owns and manages a total of 82,000 homes.