£20m Social Loan to Boost Affordable Homes

We are delighted to have secured a £20 million Social Loan and £45 million refinance package from and NatWest to speed up the delivery of new social rent homes.

Formed in 2010 following a stock transfer from Gwynedd Council, we manage more than 7,000 homes and serve over 16,000 customers across North Wales.

We are the first Welsh housing association to complete on NatWest’s new Social Loan product, a financing tool specifically designed to support the development of social rent properties.

Treasury advisers Savills Financial Consultants supported us on the funding, helping to structure the package in a way that underpins its long‑term development plans and investment in North Wales communities.

Much of the new development is expected to reach EPC Band A, aligning with the UK’s net zero ambitions and wider global efforts to improve the energy performance of housing. More energy-efficient homes mean lower bills for tenants, reduced pressure on household finances and a smaller carbon footprint – all of which play into international ESG agendas and the transition to a greener economy.

Rhys Parry, our Director of Resources, said: “We’re proud to be the first Welsh housing association to secure a Social Loan with NatWest, an important milestone that will directly support the delivery of much‑needed new Social Rent homes across North Wales.

“This investment enables us to accelerate our development programme, with most new homes achieving EPC Band A, ensuring they are energy‑efficient, sustainable, and affordable for the long term.

Martin Skinner, Director of Housing Finance, Commercial Mid-Market at NatWest, said: “This is a significant transaction for Adra and for the Welsh housing sector, supporting the delivery of high-quality energy-efficient homes at scale. It shows how well-structured finance can directly back social housing delivery while aligning with long-term ESG priorities.”

Alex Morgan, Director at Savills Financial Consultants, said: “This funding gives Adra the certainty and flexibility to move forward with its development plans at pace. The structure aligns long-term investment with both growth and sustainability objectives, supporting the delivery of much needed affordable homes across North Wales.”