Citra Living, part of Lloyds Banking Group, is launching 40 new homes – some Build To Rent – to the Nottingham market.

The new homes are located across two of housebuilder Keepmoat’s new developments in Gedling: these follow Citra’s initial investment in 49 homes nearby. Some of the new homes will be shared ownership.

The announcement of the new homes accompanies a statement that Citra will be working with the University of Birmingham to analyse how people use energy and sustainable technologies. The university will assess energy use at Citra’s homes over a two-year period.

The Lloyds Bank offshoot announced its partnership with Keepmoat last year, and Citra chief executive Andy Hutchinson says: “We want to help as many people as possible live in the kind of home they want, in the places they want to live. For those that want to buy a home, getting a deposit together is often the greatest barrier, shared ownership is a way to help get over that.

“UK homes are a major contributor to the country’s CO2 emissions and energy costs a significant part of household costs. By supporting the work of Keepmoat and the University of Birmingham, and the insights that brings, we can play a part in helping the country hit its Net Zero goals and helping more people live in warmer, drier, and cheaper to run homes.”