Value for money
Being an efficient and effective organisation is essential to the delivery of Newlon’s main business objectives. It is an area of priority for the Board, who consider it a commercial necessity as well as an obligation to drive value for money through the business. Our capacity to provide new homes relies on our ability to become ever more efficient and continue to generate healthy margins.
Understanding and achieving value for money is fundamental to the success of the business and our determination to deliver good value should be evident in everything we do. Our Value for Money Strategy outlines how we intend to drive greater value for residents and stakeholders. You can download this at the bottom of this page.
In addition, as part of our approach to value for money, we compare our performance with other housing associations across a range of measures. We compare with Housing Associations that are based in London and have less than 20% supported housing because their costs and challenges are the most similar to ours. At a Group level we compare with a small number of other organisations that were picked by an independent consultancy due to similarities of size, structure and area of operation. We publish these comparisons annually in our Financial Statements and include the VFM Section from that report as a standalone publication here for ease of reference. We have also provided a report from the benchmarking consultancy HouseMark that compares our performance to the latest available data from the sector.
- HouseMark Sector Scorecard Benchmarking Report
- Value for money (VFM) strategy
- Value for money statement and metrics