Building a green recovery19 Mar 2021 07:11
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Building a green recovery
One of our core priorities at Lloyds Banking Group is to enable greater access to high-quality homes across the UK.
David Cleary
Managing Director, Head of Housing
23 March 2021
3 min read
The coronavirus pandemic has highlighted just how vital access to appropriate housing is, but we must also make sure that homes – new and old – support the UK’s sustainability targets and build towards a greener future.
Last month we announced our new Group strategy, which sets out a clear roadmap that will enable us to:
Support businesses to recover, adapt and grow
Help rebuild households’ financial health and wellbeing
Expand availability of affordable and quality homes
Accelerate the transition to a low-carbon economy
Our ambition includes supporting the building of sustainable, affordable and high quality housing while transitioning to a low carbon economy. In doing so, we’ll also support improved financial health and wellbeing for households across the UK, help businesses in the construction industry to recover and adapt post the pandemic.
As the UK recovers from the health and economic effects of Covid-19, we’re working towards ensuring that everyone can access stable, affordable and safe homes in places they want to live. With this in mind, as well as new homes, we are also committed to broadening access to home ownership and exploring opportunities to increase our support to the UK private rental and social housing sectors.
In 2021, we will provide
£10 billion
of lending to help people to buy their first home in 2021
In 2021, we will:
Provide £10 billion of lending to help people to buy their first home in 2021
Provide at least £1.5 billion of new funding , including £500 million that is ESG-linked, in support of the social housing sector
Support the creation of national sustainability standards for housebuilding finance and assess the energy retrofit requirements of over 200,000 homes in the social housing sector
https://www.lloydsbankinggroup.com/insights/building-a-green-recovery-.html