Southern Housing Group has released its first online only Annual Review, for the 2013/14 financial year, showing highlights from across the business in the last twelve months and demonstrating its commitment to moving communications online.
As it has in the last several years, the Group remains well positioned in the continued challenging financial climate, posting a £37 million surplus in 2013/14.
Meanwhile the Group’s development programme continues, completing 256 new homes while purchasing 411 existing units from other Registered Providers and disposing of 230 units of out-lying stock as part of our stock rationalisation programme.
The Group's social and economic regeneration work also continues to evolve, providing residents with a range of additional services including helping people to get online, manage their money and find work. This year saw our Southern Works programme support 179 residents to access training, volunteering and work placements, and celebrated helping its 250th resident into work since the programme began in July 2011.
Group Chief Executive Tom Dacey said, "With the continued changes in the housing sector, the Group needs to evolve to continue to be successful. Part of this is becoming more commercially aware and positioning ourselves as ‘A business with social objectives’ and our new corporate strategy reflects this."
“Securing our A1 Moody’s rating and subsequently raising £175 million on the bond market will help us to continue building homes for those who need them in an environment where public subsidy is now very scarce. Proving our financial viability will allow us to continue our development programme in years to come.
“Our Social and Economic Regeneration Department also continues to provide invaluable support and encouragement for our residents through a great range of initiatives encompassing training, money management, digital inclusion and preparation for work.”
The 2013/14 online Annual Review is now available at www.ouryear.org.uk