Funding from HSBC UK supports our expansion
We are building the foundations for further growth after securing an eight-figure package from HSBC UK.
We are utilising a £50 million loan from HSBC UK to accelerate the development of new homes and invest in the improvement of existing properties across Peterborough and Cambridgeshire.
As part of our growth strategy, we plan to develop 1,000 homes over the next three years, adding to our existing portfolio of 13,200 properties.
The funding is a sustainability-linked HSBC UK loan, with Cross Keys Homes committing to KPIs on environmental improvements to properties and working with local suppliers where possible across the UK.
Ruby Surpal, our Finance Director, said: “HSBC UK's support marks a pivotal moment in Cross Keys Homes' journey. With support from the bank, we've been able to position the business for further sustainable growth, whilst also ensuring we continue to invest in the communities we serve. We're committed to continuing to invest in our neighbourhoods and create opportunities that help change people's lives.”
David Whelan, Director of Social Housing at HSBC UK, added: “It's fantastic to support the growth of Cross Keys Homes and empower an organisation that can make a real difference. This business is a prime example of what clear vision, ambitions to scale and commitment can deliver. We look forward to seeing the value the new developments will bring to Peterborough and Cambridgeshire.”