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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Disused Lloyds office sites to be converted into social housing

Lloyds Charlie Nunn United Kingdom Citra Pudsey
A sign outside a Lloyds Bank branch in London
Lloyds is assessing other potential offices and datacentres in the UK that it could do something similar with. Photograph: Toby Melville/Reuters

Lloyds Banking Group will start converting its disused office sites into social housing, as the UK’s largest mortgage provider lays the groundwork for a fresh housebuilding boom after Labour’s election win.

The bank, which started reviewing its property portfolio during the Covid lockdown in 2020, is launching the programme with a decommissioned data and office space in Pudsey, West Yorkshire.

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