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More than 600 new build homes completed and record investment in existing stock

Our Development and Asset teams have enjoyed a record year, improving the lives of customers along the way.

We exceeded our target for the number of completed new build homes in the last year.

We took handover of 611 homes, with 602 made available for either social, affordable or intermediate rent or low-cost ownership options, such as shared ownership or Rent to Home Buy.

As well as delivering new homes, we started work on a further 399 – 144 of which will be available on a Shared Ownership basis and 21 through Rent to Buy.

In 2024/25, we expect to complete circa 600 new homes as we aim to deliver over 2,500 over the next five years.

While building the homes people want, where they’re needed most is a key aim for the Group, investing in and improving our existing homes is also very important to us.

In the last year, the Group delivered its largest major works programme since consolidation in 2019.

This included 1,598 heating upgrades, 463 kitchen replacements, 221 roof replacements, 283 bathroom replacements and 622 window replacements.

In total, around 98 percent of planned works were completed and customer satisfaction results remained high.

Following this, the budget for Major Works for this year has been increased to just under £30 million, demonstrating our commitment to improving our existing stock.​

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