Hightown has successfully secured a new £75 million Revolving Credit Facility (RCF) with Barclays.
The facility strengthens Hightown’s financial resilience and provides additional flexibility to support the delivery of the housing association’s strategic objectives.
Mark Farrar, Hightown’s Chief Financial Officer, said:
“We are delighted to announce this new financing agreement, which progresses our long-term funding strategy and ensures we are well positioned to continue to invest in our existing homes and deliver high-quality services for our customers whilst further investing in new affordable homes.
“The agreement reflects the strength of our financial position and the confidence Barclays has in our corporate strategy and ongoing performance. Together, we are reinforcing Hightown’s strong financial foundations that enable the association to make a positive difference to the communities we serve.”
Mark Wecki, Relationship Director, Real Estate and Social Housing at Barclays, said:
“Barclays is delighted to deepen its support for Hightown through this enhanced funding arrangement, which strengthens liquidity and provides additional capacity to deliver much-needed new affordable homes and continue investment in existing homes. Hightown has a strong track record of growth and community impact, and we look forward to continuing our long-standing partnership.”
