Housing associations in the Liverpool City Region: local economic drivers

Transcription

1 Housing associations in the Liverpool City Region: local economic drivers

2 Did you know that housing associations in the Liverpool City Region add 836.4m annually to the North West economy? Housing associations are making a significant contribution to the local economy and actively support economic growth across the Liverpool City Region. They own, manage and maintain 148,280 homes and plan to build 2,478 new affordable homes, to support local businesses and boost the economy. Supporting local economic growth Housing associations build and manage homes and do much more to support and grow the local economy, meeting the Liverpool City Region priorities. They: -have extensive new build and regeneration programmes -are major local employers and operate in areas where new jobs are needed most -have well-developed apprenticeship schemes and other training and skills programmes -support local businesses and social enterprises through their supply chains -work extensively in the green economy With the introduction of the Single Local Growth Fund -champion the digital inclusion from April 15 housing associations are well placed to agenda support local growth through housing investment m CASE STUDY: The Riverside Group Riverside Group operates nationally, with significant concentrations of stock across the Liverpool City Region. It owns almost 54,000 homes housing almost 97,000 residents, with a turnover of over 270m. With a procurement partner it has generated 961 supply chain jobs. In 10/11 it invested 1.1m in employment and enterprise work, matching every 1 of its own resource with 83p from other funders. Through its Springboard project it provided advice to 706 people, with 182 accessing training and 171 entering employment

3 Building new homes Making an economic impact Housing associations are major players in housing development and regeneration, committed to building 2,478 new homes across the Liverpool City Region between 11 and 15. This will add around 213m to the local economy supporting local economic development, planning, housing, transport and infrastructure ambitions across the Liverpool City Region. This development of new housing creates real, sustainable, local jobs. Every affordable home built creates 2.4 jobs in the UK economy. Planned construction in Merseyside will create around 5,023 jobs in the North West directly and through wider supply chain activity between 11 and Jobs created by every affordable home built Liverpool City Region housing associations make a significant contribution of 836.4m to the North West economy by: -directly employing 9,464 people and many more in their wider supply chains -recording an annual turnover of 788.3m in the Liverpool City Region -managing, repairing and maintaining 148,280 homes across Liverpool City Region, adding 344.6m directly each year to the regional economy -creating,868 jobs (directly and indirectly through supply chains) across the UK, producing a total impact of 887m -levering in private investment, matching every 1 of investment with nearly 6 of their own resources CASE STUDY: PlusDane PlusDane operates in Merseyside, Cheshire and Warrington, employing 661 people (more than 3% of which are apprentices) to manage its 12,000 homes. It has a turnover of 57.4m. PlusDane procures around 45m for new development and maintenance activities. Through Innovation Chain North West consortium it will procure 300m of development between 12 and 15. It has a Neighbourhood Promise to create local jobs, which supported 307 people into employment last year

4 Supporting local employment and skills Working together to make a real difference Housing associations are large local employers in the Liverpool City Region, spending a considerable amount of money within the local economy and supporting sizeable supply chains. Businesses cannot grow when their employees are unable to find affordable homes in the right place. Housing associations can help the Liverpool City Region support business growth by providing a range of housing options. This includes low cost home ownership, market rented housing and homes for outright sale. They work across a range of local communities, including the most deprived neighbourhoods where job opportunities are few and far between. Many housing associations offer training and apprenticeships to their residents and wider communities, and use their supply chains to increase and widen their employment offer. In 11/12 they supported 750 apprenticeships across the North West. Housing associations play a significant role in driving local economic growth. Housing associations have access to private finance and hold significant undrawn loan facilities. They are, therefore, able to effectively lever private investment into the area. Housing associations are key partners in supporting local authorities, the Local Enterprise Partnership and other local policy makers to deliver on shared priorities. There are many housing association professionals already involved in this work. As the membership body for housing associations, the National Housing Federation is keen to strengthen relationships. If you want to find out more about working with housing associations to grow the Merseyside economy, please get in touch with your local External Affairs Manager: Katie Teasdale T: E: katie.teasdale@housing.org.uk

5 The National Housing Federation is the voice of affordable housing in England. We believe that everyone should have the home they need at a price they can afford. That s why we represent the work of housing associations and campaign for better housing. Our members provide two and a half million homes for more than five million people. And each year they invest in a diverse range of neighbourhood projects that help create strong, vibrant communities. National Housing Federation 25 Procter Street, London WC1V 6NY Tel: info@housing.org.uk Find us or follow us on: National Housing Federation Mixed Sources. Product group from well-managed forests, controlled sources and recycled wood or fibre. Cert no. SGS-COC Forest Stewardship Council