Press Release

Housing Association increases development programme

Bridgwater based SHAL Housing has arranged to borrow an

additional £4m from Bank of Scotland Corporate to provide finance for its development programme over the next 3 years. The total loan facility with Bank of Scotland Corporate is now £14m.

SHAL’s Finance Director, Anthony Stephens, commented that the new facility provides SHAL with better terms for its existing lending facility. Alistair Moffat, Associate Director, of Bank of Scotland’s Housing Finance Team said “We are delighted to continue to help strengthen the excellent relationship we have with SHAL and look forward to continuing to work with them in the future”.