Metro Bank has provided £30m of funding to YMCA London South West to support the planned development and regeneration of social housing accommodation.
The funding will be used to build and regenerate homes for young Londoners through schemes such as the 'Y Cube', as well as by improving and expanding the YMCA's community services across east, south and west London.
Craig Wilson, head of social housing at Metro Bank, added: “We're delighted to have been able to support YMCA London South West with this finance solution.
“They are a well-respected charitable organisation that provide vital and accessible services to the local community.
“We remain impressed with the experience and staunch dedication of the executive team and board to delivering YMCA's aims across the communities they serve.
“We look forward to working closely with them and supporting them with their future growth aspirations.”
Richard James, chief executive at YMCA London South West, added: “Following the merger of YMCA London South West and YMCA East London and in light of a proposed amalgamation with YMCA West London and YMCA Slough, we are proud to enter an exciting new chapter with Metro Bank as our funders.
“Throughout the refinancing period we found everyone from the chairman Vernon Hill to Craig Wilson and the wider Metro Bank team positive, engaged and supportive of our vision and mission.”
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