BCHA secures £2m funding boost from Lloyds Bank

Funding | Property & Construction | South West

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Charitable housing association BCHA has strengthened its ambition to tackle homelessness with the development of affordable and secure housing across the South West, following a £2m funding boost from Lloyds Bank.

For more than 50 years, BCHA has supported thousands of individuals with housing needs across the South and South West helping them to lead independent lives.

The seven-figure loan from Lloyds Bank will be used to help fund the development and acquisition of 42 properties across the South West, in addition to grant funding already secured from the government’s Next Steps Accommodation Programme. The project is set for completion by 31 March 2021.

Martin Lucas, director of finance at BCHA believes that empowering people is key to tackling homelessness across society.

He said: “The recent pandemic has brought a renewed focus towards rough sleeping in the region and it remains vital that we continue to help individuals to take control of their own lives and to foster a more joined up approach between different services if we’re going to tackle homelessness successfully.”

David Binding, relationship director at Lloyds Bank, added: “Working with the team at BCHA as it continues to offer support for vulnerable people in our region has been incredibly rewarding. As a long-term partner, we’re confident that the funding will go a long way to tackle homelessness and provide life-changing accommodation for many people. We will continue to be by the side of South West businesses to help them achieve their goals in the months ahead.”

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