Investing in Homes
How our income is used to build new homes and invest in existing homes
We're committed to making the most of our resources to benefit you, our residents. As a not-for-profit organisation, all our financial surpluses are channelled into two key areas: >> Improving our existing properties and services
>> Building new affordable rural homes
Here's how we've invested in homes during the 2023/24 financial year >>
MAINTENANCE & IMPROVEMENTS
Responsive Repairs: £825,000
Planned Maintenance: £976,000
Capital Replacements: £1,033,000 (e.g., kitchens, doors, windows, and bathrooms)
Total investment in existing homes: £2,834,000
NEW DEVELOPMENTS
Investment in new homes: £8,500,000
This significant investment reflects our commitment to addressing the critical shortage of affordable rural housing.
COMPREHENSIVE STOCK CONDITION SURVEY
We completed a thorough survey of our existing homes, confirming they are safe and well-maintained.
This survey has informed our 30-year financial business plan, ensuring we allocate sufficient funds for future maintenance and improvements.
ENVIRONMENTAL UPGRADES
We've made significant financial provisions for future environmental improvements to our homes.
We're currently evaluating the most effective approaches to enhance the energy efficiency of our properties, particularly focusing on older homes.
VALUE FOR MONEY
We've reviewed our development appraisal process to ensure financial viability of new projects.
We're planning to review procurement and contract management for repairs and maintenance work to optimise costs and service quality.
IT INFRASTRUCTURE
We've completed the second stage of our IT transformation, moving to Microsoft 365.
This upgrade has improved our operational efficiency and enhanced our cybersecurity, benefiting the services we provide to you.