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Riverside breaks new ground with sector first £100m SONIA revolving loan facility
The Riverside Group Limited (Riverside) has completed what is thought to be the housing sector’s first loan facility using the Sterling Overnight Index Average (SONIA) interest benchmark. The deal, which sees the restatement of Riverside’s existing facility with Lloyds Banking Group, includes a £100m revolving credit facility indexed exclusively on a SONIA basis. It is
Read moreNumber Five night shelter becomes Guildford’s new rough sleeper Hub
Number Five night shelter in York Road is modernising and enhancing its service so rough sleepers can get the help they need to turn their lives around. The night shelter has been a much valued resource in Guildford for 30 years, fully supported by churches, local organisations and the community at large. However, over the
Read moreSometimes we need to rewrite the rule books
Despite the coronavirus crisis, looking ahead Carol Matthews is hoping a revised Treasury Green Book will help with levelling up the economy…. Budget Day seems like a long time ago. The events of the past fortnight have been extraordinary, forcing us to urgently rethink how we do things, both at home and at work. Everywhere
Read moreCoronavirus – information for customers
We appreciate what an uncertain and worrying time this is for our customers across the country. We are continually monitoring Government advice and as a result have introduced a number of changes to our services. This is to ensure we minimise risks to the health and safety of our customers and staff whilst also trying
Read moreNew £50K Community Chest Fund launched to support good causes and Coronavirus crisis in Runcorn
As part of Riverside’s commitment to invest £20m in the Halton Lea area of Runcorn over the next 10 years, we’re launching a new £50,000 fund – Community Chest 2020. The fund is available to voluntary organisations and charity groups to help enrich lives and help build stronger communities in the area. In light of the current
Read moreRuncorn children put their best foot forward with a little help from Riverside
Hundreds of Runcorn children are putting their best foot forward and walking to school thanks to a new community project. The partnership, between Living Streets– the UK charity for everyday walking – Riverside and local schools, is part of Riverside’s £20m, 10 year commitment to regenerating the Halton Lea area. It means the school children
Read moreRiverside acquires homes from Hyde Group in Kent
Riverside has today confirmed the purchase and took over the management of 401 homes in the South East of England The acquisition of the 401 of homes, which are spread across the Ashford, Canterbury, Dartford, Maidstone, Medway, Towns, Swale and Tunbridge Wells areas of Kent, follows a successful bidding process and consultation period with residents.
Read moreHousing First: does it work?
Ahead of the Housing First conference which was scheduled to take place on Mon 16th April, Adele Arnold, Riverside Service Manager for our RSI funded Housing First service in Medway writes about her experience with the model. Well let’s start with – I truly do love my job as Medway Housing First Service Manager. When
Read moreRiverside acquires 1175 homes from Clarion Housing Group in Newcastle and South Shields
Riverside has today confirmed the purchase more than a thousand properties in the North East of England. The acquisition of the 1175 homes, in Newcastle and South Shields, follows a successful bidding process and consultation period with residents. The homes are a mixture of general needs housing as well as some retirement and supported living
Read moreRiverside response to official rough sleeping figures
John Glenton, Executive Director of Care and Support at Riverside, said: “Ending rough sleeping in this Parliament should be a top priority of this Government. It is an achievable goal this Government can deliver for the people of this country with relatively modest funding levels. “The 9% drop in rough sleeping is very welcome and
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