New Progress Housing Association
New Progress Housing Association continued its drive for service excellence and improved performance, particularly in exceeding arrears targets. Our Control Centre operation continued to achieve steady growth during the year exceeding business plan projections. In conjunction with New Fylde Housing, the Community Investment Panel was successfully launched in the year. Early successes of the Panel include the appointment of a Fundraising Officer and approval for the recruitment of an Energy Efficiency Advisor.
Progress Care Housing Association
For Progress Care Housing Association, 2009/10 saw the first full year of the LiLAC PFI scheme. In March 2010, 190 units of LiLAC accommodation were in management, over 60% of the final number. The Group’s value of its investment in the joint venture, LiLAC, of which it owns a third, increased. There was a significant development programme with expenditure totalling £18.8m. This was reached through the aid of external funding, utilising only £8.8m of our borrowing facility.
New Fylde Housing
New Fylde Housing joined the Group on 1st April 2009 and all integration targets to date have been met. Re-engineering of processes has resulted in significant savings that remain on target to exceed £730k in the first two years. The deficit on ordinary activities reduced by £795k in the year equating to 78%. Developments completed in the year included 12 supported living apartments and 15 family houses. Construction works are underway on a number of large developments to deliver 119 homes to the local area in the next financial year.
