Broadwood Later Living Sustainable Construction Finance Fund

In November 2024, Broadwood secured institutional backing from funds managed by Aviva Investors to launch the Broadwood Later Living Sustainable Construction Finance Fund, a dedicated credit platform for new‑build care homes and later living schemes. The discretionary Fund, seeded by the Aviva Investors Climate Transition Real Assets LTAF, has initial capacity for £100m of gross lending, and makes a strong contribution to the environmental and social agenda, offering:

• High‑leverage development finance
Loans of up to 90% of total development cost and up to 75% of value, unlocking schemes that would otherwise stall due to equity constraints.

• Whole‑cycle structures
The ability to fund site acquisition, ground‑up development and stabilisation under a single, coherent strategy.

• Operational underwriting
Facilities structured around build programmes, CQC timelines and ramp‑up periods – not generic real estate metrics.

• Sustainable development
Lending support development of environmentally responsible later living and care assets through requirements for fossil fuel free heating, EPC A ratings, low embodied carbon, EV charging infrastructure and positive bio diversity net gain.

This model has allowed Broadwood to step into a funding gap vacated by many traditional banks, while maintaining robust risk management through deep sector expertise.