It’s easy to assume that your organisation will continue to deliver social value and efficiencies, but with so many operational changes made in the wake of the pandemic, is your organisation still achieving their strategic objectives in the most efficient and cost-effective way?
Although the regulator may have made it easier for the sector to deliver Value for Money during the COVID pandemic, the topic has returned with a vengeance as social housing organisations struggle to deliver efficiencies while adhering to a rent cap for the next 12 months.
Especially in this economic downturn, Regulators are concentrating on delivery and expecting social housing organisations to generate as much value as they can. However, even though other members of the organisation can contribute to delivering value, ultimately, the strategic choices made by the board are largely responsible for achieving this.
Value for Money is one of the economic benchmarks and a fundamental component of the regulator’s In-Depth Assessment process. Before they can evaluate the information officers deliver to them, Board Members must first understand the regulator’s requirements for Value for Money reporting and metrics. Since the remainder of the organisation follows the Board Members’ lead, they will want to keep up to date and adopt best practices, especially those relating to Value for Money.
HOW WE CAN SUPPORT YOU
Board Members who attend our Value for Money training sessions regularly benefit from our in-depth explanations of the standards, we go over the Value for Money metrics and explain why they are important. We will also take into account best practises in Value for Money reporting.Because the Value for Money metrics required by the regulator in England are different from those in Wales and Scotland, we provide Value for Money training separately.
To find out when Value for Money training will be offered in your area, check out the Upcoming training section of our website. We can also tailor these sessions and deliver them to your whole Board. The training sessions will be run by Bill Gill, who has worked in the sector for over 30 years. He has extensive operational experience with Value for Money, having worked for HouseMark and previously writing the Value for Money section of Beever & Struthers‘ Annual Social Housing Review. He was a Board Champion for Value for Money at Salix Homes.