YMCA London receives £30m funding from Metro Bank

Metro Bank has announced today (September 18) it has provided the youth and community charity, YMCA London South West, with £30m in funding.

The capital raised will support the planned development and regeneration of social housing accommodation for those in need of it most across communities that the organisation supports.

Richard Jame, chief executive at YMCA London South West, commented: “Following the merger of YMCA London South West and YMCA East London, and in light of a proposed amalgamation with YMCA West London and YMCA Slough, we are proud to enter an exciting new chapter with Metro Bank as our funders.

“Throughout the refinancing period we found everyone from the Chairman Vernon Hill to Craig Wilson and the wider Metro Bank team positive, engaged and supportive of our vision and mission.

“The funding will be used to support our growth plans to build and regenerate homes for young Londoners through schemes such as the award-winning ‘Y Cube’, as well as improve and expand our community services across East, South and West London. We look forward to working with Metro Bank.”

YMCA London South West is a registered provider of social housing. Dating back to 1874, the association is the largest provider of housing for the homeless in South, South West and East London.

The head of social housing at Metro Bank, Craig Wilson, also said: “We’re delighted to have been able to support YMCA London South West with this finance solution. They are a well-respected organisation.

“We remain impressed with the staunch dedication of the Executive Team and Board to delivering YMCA’s aims across the communities they serve.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →