Derwent Living delivers over 300 new homes in 2014
Created on Wednesday, November 12th, 2014
by Kathryn Shaw
Derwent Living has surpassed its business plan target for 2014 and will complete work on over 300 new affordable homes this year. The homes, in areas like Eastwood, Retford, Blaby and Ashby-de-la- Zouch are part of Derwent Living’s long-term strategy of delivering affordable homes by using its own surpluses combined with funding from the Homes and Communities Agency.
The recent publication of The Lyons Housing Review, a paper designed to show how 200,000 new homes a year could be delivered by 2020, has called on housing associations to unlock surpluses and headroom on balance sheets and leverage them to deliver new homes. It’s an approach that Derwent Living has pioneered since it took its first steps into the student accommodation market in 1997.
Samantha Veal, assistant director of development at Derwent Living said: “Throughout the recession and recovery, we’ve maintained delivery of over 200 new affordable homes every year. We’ve used innovative commercial ventures and plough the surplus from our activities back into the development of new homes.
“This year we will have surpassed our own targets and will build over 300 homes. These homes are vital to delivering growth in the local economy and providing high-quality accommodation for our customers. By working hard with our local authority partners and private developers, we have been able to increase the number of homes we have been able to build to exceed our original business plan target of 250 for 2014.”
Derwent Living is currently in the final stages of producing its next business plan, which will set out its strategic vision for the next three years. The development of new affordable homes is a key consideration for the future of the organisation, with hundreds of new properties in the development pipeline over the next few years.
“As we finalise our next business plan, it’s important that we do our bit to address the shortage of homes being built across the UK. As well as focussing on customer service, efficiency and value for money, the building of new homes will be a top priority.”