We've secured a £70 million funding package from NatWest to support the delivery of new affordable housing and continued investment in homes and communities across the North East of England and Yorkshire.
The package comprises a £20 million, ten-year Social Loan, which will fund the delivery of 161 new homes for social rent, alongside an additional £50 million revolving credit facility (RCF). The funding will strengthen our long-term investment capacity as we continue to deliver new homes and improve the quality and energy efficiency of our existing housing stock.
Completed on for the start of the 26/27 financial year, the agreement comes at a time when housing providers are managing increasing demand for affordable homes while investing heavily in existing properties to improve energy performance, meeting evolving regulatory requirements and responding to rising construction and maintenance costs.
The funding will support our long-term development and investment programme, enabling us to continue building much-needed affordable housing while improving existing homes and helping create strong, sustainable communities. It also supports our drive for all homes to achieve an Energy Performance Certificate (EPC) rating of C or above by 2030 and for our homes to reach net-zero carbon by 2050.
During 2025/26, we delivered 478 new homes and invested £107.9 million across our housing portfolio, underlining the scale of our commitment to housing delivery and community investment across the region.
Scott Martin, Executive Director of Resources at Karbon Homes, said: "Despite a continued rise in costs, with increased inflation and higher interest rates, we've remained committed to both the delivery of new affordable homes and continued investment in our existing homes.
“This funding provides us with additional long-term certainty and flexibility as we respond to housing need across our communities and work towards ensuring our homes are safe, efficient and well maintained.”
Our development and improvement programmes also support economic activity across the construction sector, professional services and regional supply chains, helping to generate wider benefits for local communities.
Alan Newlands, Director, Social Housing at NatWest, said: "Housing providers face the dual challenge of increasing the supply of affordable homes while continuing to invest significantly in existing properties and communities.
"Karbon Homes has a clear long-term strategy focused on delivering high-quality homes, improving energy efficiency and creating sustainable communities across the North East and Yorkshire. This funding package will help support that ambition and the positive impact it delivers for people across the region."
NatWest's relationship with Karbon includes the £20 million Social Loan alongside existing long-term loan funding and revolving credit facilities that provide operational liquidity and flexibility to support the organisation's development and investment plans.
As we continue to deliver new affordable homes and invest in existing neighbourhoods, the funding will help provide the strong foundations needed to support sustainable communities, improve housing quality and respond to long-term housing demand across the North East of England and Yorkshire.
We've secured a £70 million funding package from NatWest to support the delivery of new affordable housing and continued investment in homes and communities across the North East of England and Yorkshire.
The package comprises a £20 million, ten-year Social Loan, which will fund the delivery of 161 new homes for social rent, alongside an additional £50 million revolving credit facility (RCF). The funding will strengthen our long-term investment capacity as we continue to deliver new homes and improve the quality and energy efficiency of our existing housing stock.
Completed on for the start of the 26/27 financial year, the agreement comes at a time when housing providers are managing increasing demand for affordable homes while investing heavily in existing properties to improve energy performance, meeting evolving regulatory requirements and responding to rising construction and maintenance costs.
The funding will support our long-term development and investment programme, enabling us to continue building much-needed affordable housing while improving existing homes and helping create strong, sustainable communities. It also supports our drive for all homes to achieve an Energy Performance Certificate (EPC) rating of C or above by 2030 and for our homes to reach net-zero carbon by 2050.
During 2025/26, we delivered 478 new homes and invested £107.9 million across our housing portfolio, underlining the scale of our commitment to housing delivery and community investment across the region.
Scott Martin, Executive Director of Resources at Karbon Homes, said: "Despite a continued rise in costs, with increased inflation and higher interest rates, we've remained committed to both the delivery of new affordable homes and continued investment in our existing homes.
“This funding provides us with additional long-term certainty and flexibility as we respond to housing need across our communities and work towards ensuring our homes are safe, efficient and well maintained.”
Our development and improvement programmes also support economic activity across the construction sector, professional services and regional supply chains, helping to generate wider benefits for local communities.
Alan Newlands, Director, Social Housing at NatWest, said: "Housing providers face the dual challenge of increasing the supply of affordable homes while continuing to invest significantly in existing properties and communities.
"Karbon Homes has a clear long-term strategy focused on delivering high-quality homes, improving energy efficiency and creating sustainable communities across the North East and Yorkshire. This funding package will help support that ambition and the positive impact it delivers for people across the region."
NatWest's relationship with Karbon includes the £20 million Social Loan alongside existing long-term loan funding and revolving credit facilities that provide operational liquidity and flexibility to support the organisation's development and investment plans.
As we continue to deliver new affordable homes and invest in existing neighbourhoods, the funding will help provide the strong foundations needed to support sustainable communities, improve housing quality and respond to long-term housing demand across the North East of England and Yorkshire.
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