Now that our new corporate plan, Tenants at Heart, is here, we’ve developed this special blog series to introduce you to the plan, section-by-section.
We’ve already delved a bit deeper into our first two sections (pillars) – Homes that Enable Modern Living and Quality Services and Local Impact – and now we’re taking a closer look at Financial Resilience and Sustainable Growth.
This pillar is made up of several priorities that span three key areas: growth and partnerships, financial resilience and Value For Money (VFM), and operating sustainably.
What do we mean by this?
1. Growth and partnerships - we know there’s a national shortage of new homes. We want to work to combat this in the Midlands by building new social, affordable homes as well as shared ownership homes.
2. Financial resilience and VFM - to deliver the level of investment that we’re aiming to, we need to make sure our plans are properly costed and that we have the financial capacity to meet our golden rules and provide some headroom.
3. Operating sustainably – we ‘re committed to continuing on our pathway to net zero by 2050 and to reducing our operational CO2 in alignment with Paris Agreement goals.
What does this look like in reality?
By 2030, we will achieve targets including:
Growth and partnerships
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Aim to provide 2,250 homes
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Deliver “Project 100”, a large scale, net zero, affordable housing community that will build upon the success of our Project 80 programme
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Lead the voice of our tenants and housing associations in the Midlands to help make a real difference on the ground for tenants and the neighbourhoods we operate in.
Financial resilience and VFM
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Maintain our financial golden rules to underpin our overall investment to 2030
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Deliver on our VFM plans that cut across our entire corporate plan
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Maintain a strong investment grade credit rating
Operating sustainably
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Aim to reduce our direct operational CO2 emissions by 1,250 tonnes
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Identify and track opportunities to reduce the metered use of energy in communal and tenant spaces by delivering energy efficiency measures
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Make a positive neighbourhood contributions through reduced localised pollution from electric vehicle (EV) use in our fleet.
Find out more about Financial Resilience and Sustainable Growth
