£30 million aids Thirteen Group's green goals

A social housing provider says it is pressing ahead with “landmark” carbon cutting work after securing £30 million support.

Thirteen Group has been backed by NatWest to roll out a retrofit programme.

The Middlesbrough-based operator says the cash will boost energy efficiency across its 36,000-plus property portfolio and help catalyse a wider blueprint to reduce carbon emissions by 100 per cent by 2050.

The funding includes a new-to-market Housing Green Retrofit Loan and forms part of a wider £211 million NatWest package bosses say will help Thirteen Group achieve “key strategic priorities”.

Andrew McColl, interim chief finance officer at Thirteen Group, which owns and manages properties across the North East and East Yorkshire, said: “This additional £30 million funding will enable us to accelerate our retrofit programme.

“It’s a landmark deal, and one which reflects our reputation as a trusted housing association with a proven track record of investment in our homes and a clear commitment to achieving net-zero.”

David Horne, relationship director – real estate finance at NatWest, added: “We have had a long-term relationship with Thirteen, which is committed to building and maintaining high-quality sustainable housing.

“This funding will enable the group to move forward with works to support what is a significant upcoming investment to help transition their existing properties towards net-zero.”

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