Centrus advises CHS on £30m long-term funding facility

What value did Centrus add?

Centrus secured a £30m funding package aligned with CHS’s 2024–27 strategy, supporting continued investment in long-term, safe and secure homes. As part of the process, we introduced a new, values-aligned lender, Unity Trust Bank, matching long-term capital with CHS’s local, mission-led social purpose. Centrus also led the commercial negotiations and fixed-rate execution, ensuring the new facility complements CHS’s existing funding portfolio and delivers long-term value for money.

How did this transaction benefit CHS?

• The funding provides the financial capacity to deliver the Group’s 2024–27 investment plans, including high‑quality homes, core services and local partnerships.
• A clearly defined funding structure allocates £27m to core investment, with a £3m retrofit tranche to support progress on energy efficiency and affordable warmth objectives.
• The facility uses a simple, fixed-rate structure, offering a straightforward approach to managing interest-rate risk in line with CHS’s risk appetite.
• The long-dated tenor strengthens financial resilience and supports asset planning and delivery of a long-term, viable business plan.
• The facility was documented and drawn within approximately two months, enabling timely access to funding and maintaining delivery momentum.
• By including a new lender, CHS has broadened its funding group and positioned its treasury to better support business growth.
  
  

“Centrus worked closely with us to secure long-term, good-value funding that supports CHS’s priorities for 2024–27. The £30m facility from Unity gives us the confidence to keep investing in safe, secure and affordable homes across Cambridgeshire, while also improving energy efficiency and the core services our tenants care value most.”

Jonathan Birkert, Director of Finance – CHS Group

“CHS had a clear sense of what they wanted to achieve, and our role was to translate that into a funding solution that genuinely supports their long‑term priorities. Working with Unity Trust Bank, we were able to deliver a structure that aligns with CHS’s values and strengthens their funding position for the years ahead.”

Richard Conway, Director – Centrus

For more information, please get in touch with Richard Conway, Director of Housing, Education & Care.

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