We've secured a £20 million loan with Lloyds Bank Commercial Banking
We've secured a £20 million funding boost to support our investment in homes and communities in the West of England and Somerset.
We've signed a loan agreement with Lloyds Bank Commercial Banking and made changes to the terms of its existing agreements. The changed terms carry fewer restrictions on our business. The deal has been a year in the making and has involved some complex negotiations.
Duncan Brown, our Director of Resources, said: “We’re delighted; this new funding shows the financial sector’s continued confidence in Knightstone. It’ll enable us to provide desperately-needed affordable homes across the West of England and Somerset.”
Joanne Newling, Relationship Manager at Lloyds Bank said: “We’re pleased to continue our long term relationship with Knightstone and to back their development aspirations. We support Knightstone’s social purpose and are happy to be able to help them invest in homes, jobs and economic growth in the region.”