To increase the supply of new social housing in the UK, Lloyds Banking Group has revealed intentions for the redevelopment of decommissioned Group data centres and former office sites into new social housing projects.
The construction of the first site in Pudsey, formerly an office and data centre, is set to commence in 2026.
Subject to planning permission, the redevelopment will create up to 80 new homes that could be available for social rent and help to increase the supply of good, affordable homes in the UK.
A full review of the Group’s legacy commercial real-estate portfolio is currently underway, with plans progressing to finalise additional sites that could also be developed by housing partners as social housing in the coming years.
Charlie Nunn, Chief Executive Officer, Lloyds Banking Group, said: “Everyone has the right to build a future from the foundation of a secure home. Social housing is part of this country’s critical infrastructure, and we need to direct and increase investment into the right homes, in the places they’re needed most.
“Lloyds Banking Group has provided £17 billion of support to the sector since 2018 and today we also have announced our plans to redevelop decommissioned Group data centres and former office sites for new housing projects – and I would encourage others to also consider this.”
