Hampshire Press releases

Our strong performance delivers more homes and bright futures for customers

We've reported a year of strong performance delivering 1,005 new homes with over 40% built for low cost rent, investing over £47m into existing homes and achieving a record surplus of £73m (an increase of over £6m). This is all going towards benefiting the lives of current and future customers with more homes and improved support services.

 

Our Annual Report and Financial Statements 2018-19 shows that we also achieved a turnover of over £250m (an increase of 9.5%) and secured £88.2m of Homes England funding. As a result of this success we've upped our housebuilding ambitions to deliver 17,000 homes over the next 10 years and are now expanding our operating area into West Sussex.

 

Other achievements include:

  • Securing £4.6m of unclaimed benefits that our customers were entitled to
  • Increasing the number of new homes delivered by 34% on the previous year
  • Top ratings of G1 for governance and V1 for viability following an in-depth assessment by the Regulator for Social Housing
  • Having over 6,000 new homes in contract or in the pipeline to be built
  • Ensuring our homes are well maintained by fitting 662 new kitchens, 1,492 boiler replacements and 3,369 window replacements

 

Mark Perry, Chief Executive of VIVID, said: “We operate in an environment where we see the need for homes as great as it has been for a generation and where the impact of the financial crisis is still being felt by many. However, we feel we have the ability to make a real difference for many people across Hampshire, Surrey, Berkshire and now West Sussex too.

 

“House prices are notoriously high in the region and therefore homes are out of reach of many. Our results help maintain our financial strength and enable us to keep investing more in homes and creating long-term, thriving, sustainable communities. It’s definitely been a year of numerous achievements but equally we’re not complacent and know that we can continue to do more.”

House prices are notoriously high in the region and therefore homes are out of reach of many. Our results help maintain our financial strength and enable us to keep investing more in homes and creating long-term, thriving, sustainable communities. It’s definitely been a year of numerous achievements but equally we’re not complacent and know that we can continue to do more.

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