Tai Calon Community Housing has secured a long-term debt refinancing deal with NatWest that will enable them to bring forward a number of new homes in Blaenau Gwent, Wales.

The deal will give the housing firm access to a level of funding flexibility typically associated with developing housing association – until not they’ve only ventured into one small housing first scheme and is developing a small scheme in Ebbw Value. But this refinancing deal will unleash their potential and enable them to bring forward a larger scale development programme to develop new affordable homes across the county.

Howard Toplis, Chief Executive at Tai Calon Community Housing, said: “With the support of the NatWest Group, we can now start a development program of new affordable homes for those in need within the county of Blaenau Gwent. This is an exciting opportunity to make a real difference in the lives of our communities and address the pressing demand for quality and affordable housing. While development lies at the heart of Tai Calon’s mission, it is only one part of the organisation’s three key objectives. Howard Toplis elaborated, ”Development is only one part of three key objectives to Tai Calon’s mission, the other two being customer satisfaction over 90% and reducing the energy costs of the existing homes for the benefit of our customers and the planet. With this refinancing, we are pushing forward on all three objectives.”

Dharmesh Patel, Associate Director at NatWest, said: “We are really pleased to support Tai Calon and welcome the positive social and environmental impact that our funding will have for the communities in Blaenau Gwent. This collaboration exemplifies NatWest Group’s commitment to supporting initiatives that create a lasting impact on communities.”