Beever and Struthers advise on £1.5bn funding for 2,000 new social homes a year

By Rob Kelly

03 Jul 2025

John Jones

Beever and Struthers provided key financial assurance as major social housing provider Bromford Flagship Limited launched a major funding programme to issue loan notes up to an aggregate value of £1.5bn to fund housing development over coming years.

The firm acted for its client Bromford Flagship Limited, a leading provider of social and affordable homes for rent, on the establishment of the Guaranteed Note Programme.

Bromford Flagship was formed from the merger of Bromford and Flagship housing groups in February 2025, bringing together two of the largest housing providers to create one of the leading and strongest housing associations in the country.

With more than 80,000 homes across east, central, and southwest England, the group has ambitious plans to deliver 2,000 new homes each year making it one of the largest builders of new social homes in the UK.

As reporting accountant, Beever and Struthers was responsible for key input into the process through verification of financial information in the Programme Admission Particulars submitted to the London Stock Exchange's International Securities Market (the ISM) to potential investors and confirmation of the financial position of the group.

The programme establishment also involved specialist financial advisory firm Newbridge, dealers ABN Amro, Barclays, HSBC, Lloyds, MUFG Securities EMEA, NatWest, RBC Europe, and SMBC Bank International, legal advisers Addleshaw Goddard and Devonshires, M&G Trustee Company, The Bank of New York Mellon, and valuers Jones Lang LaSalle.

John Jones, partner and head of corporate finance at Beever and Struthers, said, “We are one of the leading providers of specialist audit and advisory services to housing associations nationwide and were delighted to assist Bromford Flagship with this important project to support their pioneering growth and sustainability targets.”

Paul Walsh, chief finance officer of Bromford Flagship, said: “By putting in place a flexible Euro Medium-Term Note programme and strengthening our sustainable finance commitments, we’re positioning ourselves to deliver long-term investment in new and existing affordable, energy-efficient homes across our communities.

"These frameworks give us the tools to access the funding we need to meet our ambitions and work with investors who share our commitment to making a lasting difference to the communities we work in and enabling our customers to thrive.”

As the UK’s No.1 auditor of social housing providers, Beever and Struthers continues to play a pivotal role in supporting the sector’s strategic funding and growth initiatives.

With strong expertise in the regulatory, financial, and operational frameworks that govern social housing, the firm remains a trusted partner to housing associations nationwide helping them deliver sustainable, affordable housing for communities across the country.

Maria Hallows, executive partner and head of social housing at Beever and Struthers, said: "The social housing sector is at the heart of our firm’s growth strategy.

"It represents not just a vital part of our client base, but a space where we can contribute meaningfully to long-term social impact.

"Our continued investment in this sector through audit, assurance, and strategic advisory services reflects our deep commitment to supporting housing providers as they tackle some of the UK’s most pressing challenges, from affordability to sustainability.

"We're proud to stand alongside organisations like Bromford Flagship as they drive innovation and deliver safe, affordable homes at scale.”

Enjoyed this? Read more from Rob Kelly

Latest news

1

BAE Systems workers vote for strike action BAE Systems production

BAE Systems workers vote for strike action

23 Oct 2025

2

National Cyber Force launches startup programme in the North West Nick Miles, National Cyber Force deputy director for Samlesbury

National Cyber Force launches startup programme in the North West

23 Oct 2025

3

Foresight announces £90m first close of its third North West regional investment fund Foresight announces £90 million first close of its third dedicated North West regional investment fund

Foresight announces £90m first close of its third North West regional investment fund

23 Oct 2025

4

McMurrays Haulage expands fleet after contract win Warehouse Supervisor at Pets Choice Brad Eddleston and McMurrays Sales Manager Rob Spencer. Photo credit: McMurrays Haulage Limited

McMurrays Haulage expands fleet after contract win

21 Oct 2025

5

Dragons' Den star to shine on Lancashire Business Day Derry Green

Dragons' Den star to shine on Lancashire Business Day

21 Oct 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

Help to grow management course
Help to grow - barriers to growth.png.png
LBV Hub Seminars
26 Sep 2025 - 16 Dec 2025

Help to grow management course

Preston Campus , Preston , PR1 2HE

09:00 - 15:00

Women scaling up Blackpool Fylde and Wyre
LBV Hub Seminars
22 Oct 2025 - 09 Jan 2026

Women scaling up Blackpool Fylde and Wyre

The Small Business Academy, Blackpool, FY4 5JX

09:30 - 15:30

RISE - Lancashire's unique leadership programme for women
thumbnail_Emma Weston Illustration WENDY BOWERS RISE Illustrstion.jpg.jpg
LBV Hub Seminars
22 Oct 2025 - 18 Mar 2026

RISE - Lancashire's unique leadership programme for women

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:30 - 15:30

Lancaster District Business Support Expo
Lancs-cham-logo.jpg.jpg
LBV Hub Networking
29 Oct 2025 - 29 Oct 2025

Lancaster District Business Support Expo

The Platform, Morecambe, LA4 4DB

10:00 - 15:00

Chamber Breakfast Networking – November
Lancs-cham-logo.jpg.jpg
LBV Hub Networking
06 Nov 2025 - 06 Nov 2025

Chamber Breakfast Networking – November

Porsche Centre South Lakes, Carnforth, LA6 1FW

08:30 - 10:30

Lancashire Police business update with The Police and Crime Commissioner
Lancs-cham-logo.jpg.jpg
LBV Hub Roundtables
10 Nov 2025 - 10 Nov 2025

Lancashire Police business update with The Police and Crime Commissioner

Lancaster Castle, Lancaster, LA1 1YN

14:00 - 16:00

AI, Creativity, and what it means to be human
2.jpg.jpg
LBV Hub Networking
11 Nov 2025 - 11 Nov 2025

AI, Creativity, and what it means to be human

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 20:00

Beyond the Brand: Building trust through values and integrity
1.png.png
LBV Hub Networking
11 Nov 2025 - 11 Nov 2025

Beyond the Brand: Building trust through values and integrity

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 20:00

The Business Network Central and East Lancashire
LBV Hub Networking
13 Nov 2025 - 13 Nov 2025

The Business Network Central and East Lancashire

Stanley House, Blackburn, BB2 7NP

11:30 - 14:15

The AI Lab: E-commerce
Ai Lab ecommerce (1).png.png
LBV Hub Seminars
14 Nov 2025 - 14 Nov 2025

The AI Lab: E-commerce

Door4 Office, Burnley Wharf, Burnley, BB11 1JG

09:00 - 11:30

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV124 Online Graphic
Subscribe now

Weekly news bulletin