Liverpool affordable housing provider Plus Dane secures five-year £60m loan facility with banking giant HSBC to help its goal to build 300 new homes a year. Tony McDonough reports
Liverpool affordable housing provider Plus Dane has secured a five-year loan facility from HSBC to invest in its existing housing stock and build new homes.
Based at Royal Albert Dock, Plus Dane has set a target of building 300 affordable or social rent homes across Liverpool city region and the wider North West each year. It already manages around 13,500 homes.
In 2025 it said it was investing £5m to improve energy efficiency in more than 300 homes in Liverpool city region. It has secured £2.57m from the Warm Homes Social Housing Fund to put towards the project.
Scott Owen, head of treasury at Plus Dane, said: “Last year our board challenged us to secure good value funding to deliver the 2025-26 business plan and maintain liquidity through to our next scheduled refinancing in April 2027.
“With the assistance from Centrus and the Devonshire’s legal team securing HSBC UK as a new strategic lender, with a five-year £60m loan facility at competitive rates ensures we are in a great position to deliver our future plans.
“The strategic deal and financing is a strong endorsement of our financial position and delivers good value for money for Plus Dane customers.”
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Plus Dane Housing is celebrating 50 years as an organisation in 2026, with a history of social housing and care home development. Today it provides homes for 30,000 people.
David Whelan, director of social housing at HSBC UK, added: “It’s fantastic to welcome Plus Dane as a new HSBC UK customer with a new loan facility that will help support the group’s continued focus on investment in existing homes alongside their development ambitions.”