Alpha Homes to invest in portfolio after securing £11m from Lloyds

Bromborough-based housing association has 25 schemes for the elderly across the North including Merseyside, Cheshire, Shropshire, Staffordshire and Yorkshire. Tony McDonough reports.

Graeme Foster, CEO of Alpha Homes, with Alison Williams, finance manager, and Steve Hughes of Lloyds Bank
Graeme Foster, CEO of Alpha Homes, with Alison Williams, finance manager, and Steve Hughes of Lloyds Bank

Wirral housing association Alpha Homes is to invest in its portfolio after securing £11m in debt funding.

Lloyds Bank Commercial Banking has agreed to provide a loan facility to Alpha, which provides sheltered accommodation to the over 55s across the North of England.

Headquartered in Bromborough, the association has 25 schemes across the North including Merseyside, Cheshire, Shropshire, Staffordshire and Yorkshire.

Chief executive Graeme Foster said: “We’re dedicated to providing the highest standard of accommodation for our residents, and the funding will allow us to invest in our current homes and acquire new schemes.

“The investment will also ensure that we can continue to provide services and accommodation that meet the needs and aspirations of our current residents and future generations.”

Steve Hughes, relationship director at Lloyds Bank Commercial Banking, said: “Alpha Homes is setting itself apart from its competitors by choosing to invest in the services it offers.

“The funding package provided will enable the organisation to start its five-year refurbishment programme and capitalise on any new investment opportunities that arise.

“We’re dedicated to helping businesses like Alpha Homes invest in their future growth, and have pledged to increase our lending to businesses by £1bn by 2017.”

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