Association secures £50m funding deal with Barclays

One Vision Housing will use the deal to support their development plan of 300 new homes per annum.

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One Vision Housing (OVH), part of the Sovini Group, has completed a £50m Revolving Credit Facility with Barclays.

Formed in October 2006 through the large scale voluntary transfer of stock from Sefton Metropolitan Borough Council, the provider currently holds 13,000 homes across Sefton, Liverpool, Wirral, Cheshire and West Lancashire.

The group has said it will use the additional funding to support its continuing 300 new-homes-per-annum development plan.

Commenting on the announcement, 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’s 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.”

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