As housing associations continue to face ongoing funding pressures stemming from reduced central government capital grants and persistent tightened long-term bank lending, the sector faces a significant challenge to generate and acquire sufficient capital to develop more affordable homes.
Registered Providers can no longer simply rely on banks for traditional long term funding, and the social housing borrowing market has been characterised by significant activity in the bond and private placement market where associations are able to access longer term funding than is currently available from the traditional banking sector. This includes own name bonds, private placements and funding made available by the European Investment Bank through a bond aggregating vehicle.
Beever and Struthers has assisted on a number of bond issues for clients with key financial advice, acting as reporting accountant in the preparation of the bond prospectus issued to potential investors and reporting to the funders leading the process.
If you would like to discuss our services in more detail please contact our Audit and Assurance team on 00 44 161 832 4901 or email email@example.com.