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News > Case Studies

Triodos Bank provides £7m facility to First Choice Housing Association

Theo Osborn | 16:59 Wednesday 15th August 2018

Triodos Bank has provided £7m of funding to First Choice Housing Association (FCHA), which provides accommodation for vulnerable people across Wales and Shropshire.

The facility will allow FCHA to continue its growth and development over the next five years and create a number of supported housing schemes across Wales.

This includes the development of 130 new supported housing bed-spaces from September 2018 through to April 2020.

Peter Borgers, senior relationship manager of the social and cultural team at Triodos (pictured above), said: “We are really pleased to be able to provide this further support for First Choice to help the organisation deliver its growth plan, we are particularly keen to back associations that deliver strong social impact, and First Choice’s mission of providing specialist accommodation for vulnerable people fits very well with that.”

FCHA plans to develop more than 80 additional properties across Wales over the next five years.

Adrian Burke, chief executive at FCHA, said: “We are delighted to have secured the funding for our development plan through to 2020 with Triodos Bank.

“FCHA [is] passionate about building homes which maximise independence for tenants and help them achieve real outcomes.

“FCHA believes that quality housing should be a fundamental right and we are looking forward to using the facility to further our social mission.”

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