Bromford

Today’s the day 🎉 Bromford and Flagship have joined to become Bromford Flagship. A simple name, but one set to break the mould of what housing associations do and unlock more capacity for affordable homes.

🎙️ Let’s Talk Private Sector 🎙️ In this episode we are joined by Geoff Smith, entrepreneurial non-executive business director and key player in the post-covid revival of Gloucester Brewery. Geoff has previously joined us on one of our place webinars explaining how this project was undertaken and why, but today we dive deeper into Gloucester Brewery's direct impact and influence on it's surrounding community and what that could mean in the context of the wider private sector. Listen to the full episode now, and share your thoughts! #podcast #privatesector #collaboration

We're delighted to announce that we’ve secured our first private placement since forming as Bromford Flagship, raising £75 million from investors to help fund our continued investment in improving our existing homes and building new ones. Issued under our updated Sustainable Finance Framework, we received a range of strong bids from a mix of domestic and international investors, including both new and existing investors. Ultimately, we chose a combination of existing and new investors from those who submitted bids. The £75 million instrument has a 15-year term and will support our ambitions to build 2,000 new homes every year for the next 30 years, as well as continuing to improve the energy efficiency of our existing homes. Thanks to NatWest Markets Plc, Newbridge Advisors LLP, Devonshires, and Pinsent Masons for their support. Read more: https://lnkd.in/e7yVsRea #Housing #Finance #SocialHousing PAUL WALSH Matthew Rose FCA FCT Rachel Hurst Bromford Flagship

Our biggest regeneration project has been unanimously backed by South Gloucestershire Council, paving the way for an increase in the number of affordable homes in Kingswood. Councillors put their full support behind our plans to regenerate the existing 72 properties in Barrington Close and Fairford Close with 85 new, energy efficient homes at its meeting last week. The existing properties are all two bedroom flats but we’ll be replacing them with a mix of one-, two-, three- and four-bedroom houses and flats, most of which will be available for social rent. The site will be developed in two phases, starting with the demolition of the first of the properties later this year. Thanks to Nash Partnership, EG Carter and everyone else who helped us put our plans together. #UKHousing #Regeneration #SouthGloucestershire

Bromford Flagship welcomes the government’s announcement of a £2bn boost for social and affordable housing as a vital opportunity to accelerate progress on delivering much-needed homes across the country. Our Chief Executive Robert Nettleton said: “The £2bn funding top-up for social and affordable homes is very welcome and could accelerate the start of several large-scale strategic sites across the South West, Midlands and East Anglia.” The announcement comes shortly after the formation of Bromford Flagship, a merger between Bromford Housing Group and Flagship Housing Group. Now managing approximately 80,000 homes, the organisation has significantly increased its financial capacity, with the potential to deliver 2,000 homes per year for the next 30 years. Half of these homes are expected to be at social rent. More: https://lnkd.in/gNgNj8kh #UKHousing #SocialHousing #Housing #BromfordFlagship #Bromford #Flagship

Bromford Flagship has secured £22 million from the government’s Social Housing Fund to make homes warmer, greener, and more affordable to run. The funding will be used to install energy-saving upgrades, including air source heat pumps, solar panels, insulation, and double glazing - helping our customers cut energy bills and live more comfortably. David Armstrong, Chief Operating Officer, said:  “This funding will help us future-proof thousands of homes. Investing in energy efficiency not only lowers bills but also reduces our carbon footprint. This is a major milestone in our journey towards net zero and a huge win for our customers.” Previous phases of the scheme, which Bromford and Flagship have been part of since 2022, have already helped hundreds of households. Homes have received upgrades including air source heat pumps and external wall insulation, reducing energy consumption. More - https://lnkd.in/ee7tm--8 #UKHousing #SocialHousing #WarmHomesPlan

This could help housing providers target their retrofits - Tomorrow (Thursday) Bromford Lab have a session with Doug Jones from Eliq to discuss how smart energy data can provide real-time visibility into home performance.

S&P has reaffirmed Bromford Flagship’s A+ rating, while Moody’s has assigned an A2 rating with a stable outlook—both maintaining the strong credit positions previously held by Bromford and Flagship. S&P highlighted resilient credit metrics, controlled costs, and potential synergies, recognising the financial strength created through the merger. Moody’s also noted Bromford Flagship’s scale, market position, and ability to absorb shocks, reinforcing the long-term benefits of the combined organisation. Matthew Rose, Director of Treasury, said: “The ratings will give us the confidence to return to the markets later in the year to seek additional funding from investors who are interested in supporting our journey to build 2,000 homes every year for the next 30 years and enabling even more customers to thrive in a Bromford Flagship home.” This follows the recent milestone of securing a £100m Revolving Credit Facility with Royal Bank of Canada—the first funding since the merger. More - https://lnkd.in/ej4ADaCN #UKHousing #SocialHousing Matthew Rose FCA FCT Rachel Hurst Bromford Flagship S&P Global Moody's Ratings

Bromford Flagship has finalised a new £100 million Revolving Credit Facility (RCF) with Royal Bank of Canada (RBC). The facility expands the liquidity position of our 80,000-home housing association, giving a total RCF portfolio of £850 million, the majority of which is undrawn. This funding will help finance our ambitions to increase the development of new homes in the future, including a significant proportion for social rent, building upon our combined legacy in 2023-2034 as one the country’s largest builders of social rent homes. More - https://lnkd.in/efN9DU6J #UKHousing #SocialHousing RBC Capital Markets

Bromford has been shortlisted for the Travis Perkins Managed Services Better Together Awards.  Our application, supporting the charity House of Bread in Stafford, has been recognised for its vital community impact. House of Bread provides hot meals, essential support, and a lifeline to those in need. Huge thanks to Travis Perkins for valuing social impact and to our Grants and Social Value Officer Janette Vizard for highlighting the importance of this project. Fingers crossed for everyone at the awards tomorrow at Silverstone, good luck. #UKHousing #CommunityImpact