Thursday 09 May 2019

The lower the unemployment among residents, the lower the loan costs: UK housing association L&Q spearheads a new way to think about financing.


UK housing association L&Q's quest to help residents find jobs gained an added incentive with a £100 million real estate loan from BNP Paribas.

Under the terms of the loan, the association will benefit from lower borrowing costs if its L&Q Foundation succeeds in getting at least 600 residents back to work in its first year, and 25 more every subsequent year.


As a charitable organisation, L&Q sees its role as going beyond housing to include social interventions to improve opportunities for its social housing residents.

The sustainability-linked loan supports both L&Q in its charitable mission and BNP Paribas' corporate social responsibility strategy, which seeks to create a positive impact in society, in line with the UN's Sustainable Development Goals.


Rate this article :
3
2
1
2
0
 
 

Give us your feedback

Please validate CAPTCHA.

RELATED ARTICLES
the-onward-march-of-sustainable-lending-in-uk-public-housing

Clarion's sustainability-linked loan is the fourth arranged by BNP Paribas for a UK housing association in two years. What is driving their popularity?

why-effectiveness-and-scalability-matter-for-the-green-transition
The rapid uptake of green finance isn't enough. A new approach taking account of investors' expectations...
The rapid uptake of green finance isn't enough. A new approach taking account of investors' expectations will be vital...
renewable-energy-for-corporates-the-tipping-point-
As costs fall and stakeholder demand increases, corporates are increasingly seizing the opportunity to...
As costs fall and stakeholder demand increases, corporates are increasingly seizing the opportunity to use renewable energy...
trade-information-network-a-new-industry-standard-for-trade-finance
TIN enables companies to easily and securely share trade information with banks, helping meet demand...
TIN enables companies to easily and securely share trade information with banks, helping meet demand for financing earlier...
-3-trillion-and-rising
The ocean is the backdrop to the $3 trillion "Blue Economy" – and will be the next battleground for...
The ocean is the backdrop to the $3 trillion "Blue Economy" – and will be the next battleground for business leaders and investors worldwide. Here's why.
close
{POPUP_CONTENT}