creating communities to be proud of
shoreline secures loan extension
We're pleased to announce that we have successfully secured a £20 million extension to our loan facilities with Lloyds TSB Corporate Markets allowing us to look at future development opportunities.
We have had a strong and supportive relationship with Lloyds TSB Corporate Markets since the transfer of the former council housing stock in March 2005, helping us to invest nearly £100 million in improvements to homes and neighbourhoods across the borough.
We've completed 121 of our original 143 promises made in the initial stock transfer offer document to tenants and are on track to deliver a further 17 as planned.
Work is well underway on the award-winning, 440-home Freshney Green redevelopment and we will shortly conclude the Decent Homes multi-million pound investment programme.
Shoreline chief executive Tony Bramley said: “We are continuing with our long-term business plan and existing financial commitments but we can not underestimate the potential impact on our business of the current national economic climate and challenging political environment.
“While the financial health of Shoreline is not in doubt, this additional loan provides extra security and allows us to ensure that we are capable of taking future business opportunities as they arise.
“We are looking to the future with the intention to grow and develop our business while maintaining the high standard of service we currently offer to existing and future customers.”
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Registered Charity Number 1107876. |
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