Grand Union Housing Group has maintained its G1/V1 rating from the Regulator for Social Housing following its first in-depth assessment (IDA) which concluded in May this year.
The result of the IDA shows the confidence the regulator has in the way we manage and govern our business and that they are assured that the Group is in a strong financial position to move forward with our ambitious plans.
Aileen Evans, Group Chief Executive, said: “We’re obviously delighted with this rating. Our unification last year brought the Group together and made us a stronger organisation and I’m really pleased that confidence in this new strength has been recognised by the regulator.
“The rating is also a great reflection of the superb team we have at Grand Union who are key to our success. Thanks to them we’re in our strongest position ever, have doubled our build programme for the next five years and continue to make a real difference in people’s lives every day.”
Grand Union is looking to build 1,800 new homes in the next five years and achieved a record number of new homes delivered last year.
Aileen added: “Despite the rating, this isn’t a time to rest on our laurels. We will continue to deliver first class services to our customers, proceed with our ambitious transformation at pace, and are committed to playing our part in ending the housing crisis. Of course we can’t do this alone and we highly value the strength of our partnerships to achieve our goals.”