Wheatley, Scotland’s largest housing, care and property-management group, has secured £65m of private investment for continuing social housing funding.
RBS and Bank of Scotland have provided the finance in the form of a new five-year revolving credit facility. It takes the amount raised by Wheatley in the past three years to fund the country’s largest building programme of affordable homes to over £500m.
Wheatley made the announcement as Scotland’s first minister Nicola Sturgeon visited 105 homes being developed by its partner organisation GHA Govan Tram Depot in Glasgow.
The development is part of Wheatley’s rolling programme of 3,500 new affordable homes, which received £100m of private finance from Blackrock in May.
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