Clydesdale lends £40m on Stonewater social housing

Clydesdale Bank has provided a £40m revolving credit facility to Stonewater housing association to build more affordable homes. The loan, an extension of an existing Clydesdale loan with Jephson housing which merged with Raglan at the beginning of the year to form Stonewater, will help deliver 7000 new homes over 10 years.