Section: Housing Associations

Wheatley secures £185 million in landmark EU deal

Posted 10.07.18
Wheatley Group: Article link

Wheatley Group has unveiled £185 million of new funding from the European Investment Bank (EIB) to help build and improve thousands of affordable homes across Scotland.

It takes the amount of funding raised by Wheatley in the past four years to £800 million and comes in the week the Group was confirmed - for the second year running - as the UK's largest builder of social-rented homes.

The EIB loan, by far the largest of its type made in Scotland, is linked to a commitment by Wheatley to invest £400 million over the next three years in affordable housing.

This also includes refurbishing existing homes to meet new Scottish and EU energy-efficiency standards, helping tenants cut energy bills, and housing and integrating refugees into Wheatley communities.


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Updated 04.07.18

  • NAME: L&Q and Homes England announce landmark strategic partnership to accelerate delivery of quality new affordable homes outside London - and significantly boost the housing association's plans to build 100,000 quality new homes over the next decade.

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    Reporting on July 2018

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