Posted on 20 May 2016
You will be well aware of Hyde’s plans to merge with fellow social landlords L&Q and East Thames. Financially, we remain strong with robust financial plans in place for Hyde and for the proposed merger, despite the current economic climate. And we have once again been awarded the highest ratings for financial viability and governance by the Homes and Communities Agency. Looking to later on this year, the new organisation, which we hope will go through legal completion in the autumn, has the ambition to deliver 100,000 new homes, half of them affordable, over the next decade. This is 35,000 more than the organisations could have built alone.
The scale of the new organisation, which will own and manage 135,000 homes, will allow us to influence the housing agenda.
We aim to be innovative and agile, giving residents more choice and easier access to responsive and efficient services. We are also giving an extra £250m to community projects and to create a training academy that will deliver apprenticeships, staff career development, plus training and employment opportunities for residents.
Despite the uncertainty, we are very excited and inspired by what the future holds. I hope you enjoy reading more about Hyde and I would like to wish you an enjoyable and relaxing summer.
Elaine Bailey Chief Executive, The Hyde Group