The funding will support plans to develop 1,000 homes in the next three years, adding to an existing portfolio of 13,200 properties. 

Cross Keys Homes secured a £50m loan from HSBC UK to help build new homes and upgrade existing properties in Peterborough and Cambridgeshire. 

The funding will support plans to develop 1,000 homes in the next three years, adding to an existing portfolio of 13,200 properties. 

Ruby Surpal, finance director at Cross Keys Homes, said: “HSBC UK’s support marks a pivotal moment in Cross Keys Homes’ journey. 

“With support from the bank, we’ve been able to position the business for further sustainable growth, whilst also ensuring we continue to invest in the communities we serve. 

“We’re committed to continuing to invest in our neighbourhoods and create opportunities that help change people’s lives.”

David Whelan, director of social housing at HSBC UK, said: “It’s fantastic to support the growth of Cross Keys Homes and empower an organisation that can make a real difference. 

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“This business is a prime example of what clear vision, ambitions to scale and commitment can deliver. 

“We look forward to seeing the value the new developments will bring to Peterborough and Cambridgeshire.”