Housebuilder gets £125m backing from HSBC and Homes England

Tilia Homes has secured £125m in strategic sustainability-linked debt funding with HSBC UK and Homes England. The loan will enable the housebuilder to expand its landbank to deliver more than 1,250 homes a year, while aligning with its long-term sustainability targets. The financing will also support Tilia Homes’ pledge to reduce the operational emissions in its homes by more than 70%, lower the total tonnage of construction waste by more than 30% and double the number of employees on training courses with an external qualification to address the skills shortage in the construction industry. Philip Chapman, chief operating officer at Tilia, said: “Land remains the lifeblood of our business and this agreement with HSBC UK and Homes England will allow us to enhance our already active land acquisition programme with greater focus, enabling our teams to continue to secure the right development opportunities in the right locations.” Marcus Ralling, chief investment officer at Homes England, said: “Our resources are here to help support a diverse market where home builders of all sizes, including small and medium-size enterprises, can deliver for communities. This funding will support Tilia to continue to build quality houses, up to 30% of which are expected to be affordable, with a much-needed focus on sustainability.”