Value for money

Delivering value

As a registered social housing provider, we are required to comply with the Regulator for Social Housing's Value for Money Standard which is designed to ensure that we are making the best use of the resources that we have to meet our objectives.

Our Board Members take a lead on this and they have the full commitment of our Executive Team and wider teams to achieve this. 

Value for Money Standard

 

Part of our culture 

We have made improvements each year since 2016/17 in embedding VFM and have embraced changes that will mean we will continue to deliver progress in the future. We have extended our sources of benchmarking and adopted the Sector Scorecard. We now benchmark with a peer group of similar organisations through Housemark and by comparing ourselves to Placeshapers, a network of more than 100 community-based housing organisations.

Our Value for Money Strategy will now involve us in:

• Having a culture where staff strive for an efficient business that delivers good quality services for customers
• Creating capacity by maximising income and minimising cost base where possible
• Using our assets and resources to optimise options for delivering Corporate Objectives
• Prioritising resources based on customer insight and consultation

Value for Money Strategy.pdf [pdf] 196KB