OVH, part of the Sovini Group, was formed in October 2006 through the large scale voluntary transfer of stock from Sefton Council and it has a portfolio of 13,000 homes. Tony McDonough reports
Liverpool’s One Vision Housing (OVH) has secured a £50m debt facility with Barclays as it looks to build more homes.
OVH, part of the Sovini Group, was formed in October 2006 through the large scale voluntary transfer of stock from Sefton Council. It is a registered social housing provider with around 13,000 homes across Sefton, Liverpool, Wirral, Cheshire and West Lancashire.
It will use funds from the revolving credit facility with Barclays to support its continuing development plan of building 300 new homes per year. Tracey Liggett, chief finance officer at OVH, said: “This deal is great news for One Vision Housing and we hope it marks the beginning of a long relationship with Barclays.
“We are delighted to have secured this funding which will allow us to provide more high quality homes and further help us deliver on our vision of thriving, inclusive communities in Liverpool and surrounding areas.”
Michelle Murray, Barclays relationship director, added: “With Barclays’ strong track record in supporting social housing projects, we quickly developed a strong relationship with One Vision Housing’s management team and a good understanding of how they will deliver on their strategy.
“Working with OVH to agree this new funding underlines our ongoing commitment to the social housing sector in the UK.”