UK homebuilder Tilia Homes has partnered with HSBC UK and Homes England to secure a £125 mln (€148 mln) sustainability-linked financing deal.
This investment will power the development of over 1,250 high-quality homes annually, while simultaneously driving Tilia Homes' commitment to environmental and social responsibility.
Over the next five years, the company plans to reduce operational emissions in its homes by over 70%, decrease construction waste by more than 30% per 100 m2 built, and double the number of employees participating in external training programs to address the skills gap in the construction industry.
Philip Chapman, COO for Tilia Homes, said: ‘This agreement with HSBC UK and Homes England will allow us to significantly enhance our already active land acquisition programme with greater focus, enabling our teams to continue to secure the right development opportunities in the right locations. Within this we continue to explore new ways to incorporate innovative technology and materials into our designs to boost energy efficiency, working with industry partners through initiatives such as the Zero Bills homes powered by Octopus Energy at our flagship Landimore Park development, in Northampton.’
Marcus Ralling, CIO at Homes England, added: ‘This is a great example of how Homes England and the sector can work together to boost the delivery of affordable, quality homes that people want and need. Our resources are here to help support a diverse market where home builders of all sizes, including SMEs, can deliver for communities. This funding will support Tilia to continue to build quality houses, up to 30% of which are expected to be affordable, with a much-needed focus on sustainability.’
Joe Bailey, relationship director for Real Estate Finance at HSBC UK, added: ‘Tilia Homes has a strong pipeline of sites across the UK and the new funding package will help the company accelerate the delivery of high-quality housing across the communities it serves.’
