In the week commencing Monday 12 February 2024 the Regulator of Social Housing (RSH):
- published its Value for Money metrics and reporting for the financial year to 31 March 2023. The Executive Summary to the report reads “The financial year to March 2023 posed significant challenges for registered providers as a result of the energy crisis, 40-year high inflation and rapidly rising interest rates, while ensuring tenants’ continued safety and that homes are sustainable for the future. These factors have placed significant pressure on many organisations’ financial plans. As Boards look to the future, they have made difficult decisions regarding their strategic priorities including their approaches to capital investment and treasury strategies – reviewing what areas of the business to invest in now and which ones can be delayed into the future. Collectively this has had a significant impact on the sector’s value for money performance”