The external environment
A lot has changed in the last three years. We’ve faced significant challenges as a business, an industry, and the UK as a whole. This includes the impact of leaving the European Union, the coronavirus pandemic, and Government reform in the shape of the Social Housing White Paper that followed the tragedy at Grenfell.
These events have served as a reminder of how central a home is to safety and wellbeing and how quickly people can move from being financially stable to struggling.
The cost of living has increased, and energy bills continue to rise. For people already on a tight budget, this forces difficult choices and puts even more strain on day-to-day living.
The demand for affordable housing continues to outweigh supply and there are over 30,000 households in need of a rented home or are registered for shared ownership in our area. On top of this there’s a growing shortage of skilled labour in the construction sector and global supply challenges.
Whilst we try to address these issues, including by working with others who share our passion, we also have an important role to play in the UK reaching net zero carbon emissions by 2050. We must act now in the fight against climate change and do what we can to help with further environmental action.
Against this background, it’s vital our Corporate Strategy sets the right course for our customers and communities.