WCHG secures £127 million funding boost

A South Manchester housing provider has secured major new funding to support community development and housing quality.

Wythenshawe Community Housing Group (WCHG) has secured a £127.5 million funding package from NatWest to support improvements to its 14,000-home portfolio and accelerate new-build developments. 

The deal includes an £87.5 million term loan and a £40 million revolving credit facility.

Bosses say the investment will be used to address key challenges such as energy efficiency, fire safety and damp and mould, while also supporting the group’s wider development pipeline.

Simon Morris, executive director of finance at WCHG, said: “This funding from NatWest will enable us to invest further in our existing stock and realise our new development ambitions, ensuring we continue to meet the housing needs of our tenants.

“Access to good quality, affordable housing in Manchester is crucial, and this investment will empower us to tackle pressing issues, fostering a thriving community in Wythenshawe, supporting people to build successful lives and ultimately making a real difference for the people we serve."

Martin Skinner, relationship manager at NatWest, added: “WCHG’s dedication to improving housing conditions and developing new homes in South Manchester is clear in everything they do, and we are pleased to play a role in helping to address the critical needs of the local community.

“We believe in the power of strong communities and are excited to see the positive impact this funding will have. 

“Supporting social housing projects like this not only benefits the local economy, but it also aligns with NatWest's commitment to fostering regional economic growth across the UK and underpins its commitment to the Social Housing sector.”

WCHG provides social housing to more than 29,000 people, accounting for 20 per cent of Manchester’s social homes. 

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