Lloyd’s Bank’s Bold Move: Converting Data Centres into Social Housing

Lloyds Bank in the UK has unveiled a new initiative that involves repurposing an old data centre and office site into social housing. The company has announced its intention to transform decommissioned group data centres and former office locations into new social housing projects.

Pending approval from the planning authorities, the initial phase of redevelopment in Pudsey, West Yorkshire, aims to establish a maximum of 80 new residential properties, potentially earmarked for social rental purposes.

The construction of the first site in Pudsey, formerly an office and data centre, is set to commence in 2026.

Charlie Nunn, Lloyds Banking Group CEO said ”Everyone has the right to build a future from the foundation of a secure home. Social housing is part of this country’s critical infrastructure, and we need to direct and increase investment into the right homes, in the places they’re needed most. Lloyds Banking Group has provided £17 billion of support to the sector since 2018 and today we also have announced our plans to redevelop decommissioned group data centres and former office sites for new housing projects- and I would encourage others also to consider this”

Lloyds Banking Group is set to make history as the first UK bank to proactively venture into the housing market. These units will be dedicated to providing homes for families facing the risk of homelessness.