Bromford Flagship has finalised £150 million of new sustainability-linked facilities with HSBC UK as it focuses on developing new affordable, energy efficient homes and investing in existing homes. 

The new facilities are made up of a 7-year, £50 million term loan and a 5-year, £100 million Revolving Credit Facility (RCF) which will support Bromford Flagship’s cash and liquidity requirements over the medium term. The deal demonstrates the ongoing strength of the group’s relationship with HSBC UK as one of its key funding partners.  

Both facilities are linked to sustainability KPIs and will support Bromford Flagship to achieve its ambitious targets. The merger between Bromford and Flagship on 28 February 2025 triggered a review of all sustainability KPIs across the loan portfolioand an exercise is underway to agree revised targets by the end of the year. The group is working collaboratively with its banking partners, including HSBC UK, to agree targets that are ambitious, achievable and aligned to its strategy.  

Bromford Flagship recently reported half year financial and operational results in its trading update, reporting delivery of 735 new affordable homes in the first six months of the financial year. During the same period, outstanding repair jobs fell to their lowest level in five years and overall customer satisfaction improved by 4% to 84% at 30 September 2025.  

Director of Treasury, Matthew Rose, said: “We are pleased to have finalised this significant funding deal with HSBC UK. Their increase in commitments to the group demonstrates the strength of the relationship and their continued support forBromford Flagship’s strategic objectives which include the development of new, affordable homes, investment in existing homes and delivering high quality services to customers.

“The term loan and RCF together provide additional cash and liquidity to our newly enlarged group as we scale up our investment ambitions, enabling us to maintain our strong, sector-leading credit profile. We are delighted that the facilities include links to sustainability KPIs, which are seen as a helpful enabler for meeting key targets and focusing attention on the fundamental drivers of sustainability in our organisation.” 

Stuart Taylor, Head of Social Housing, HSBC UK, said: “HSBC UK is very pleased to extend our funding to Bromford Flagship with £150m of new facilities. Bromford Flagship has a clear growth strategy – including ongoing merger discussions with LiveWest – with the aim of delivering more new affordable housing whilst continuing to invest in their existing homes. This is great news for those communities where affordable housing is limited and will help get more people into their own homes.” 

This funding deal completed alongside another bank transaction and follows Bromford Flagship’s debut £300 million bond in July 2025 which was used to reorganise the group’s financing and remove any historic restrictions. This allowed Bromford Flagship to unlock c£1.9 billion of additional capacity to enable the delivery of even more new affordable homes alongside continued investment in existing homes.  

On 2 October 2025 Bromford Flagship announced its intention to form a combined business with LiveWest with the potential to unlock a further £1.5 billion of additional investment capacity. The combined organisation will aim to utilise this capacity to deliver 50,000 new homes over the next 15 years.  

Legal advice was provided by Devonshires Solicitors acting on behalf of Bromford Flagship and Addleshaw Goddard LLP acting on behalf of HSBC UK.