Leading housing association, VIVID, has injected £500m into the local economy across the central south, supporting the region’s growth and prosperity and its communities, according to the latest Annual Review.
As Hampshire’s largest provider of affordable homes, VIVID is proud to have increased its new homes delivery by 39% from the previous year and has injected £500m into the local economy, supporting the region’s growth and prosperity, creating jobs and supporting communities.
VIVID’s Annual Review and Financial Statements 2021-22 outlines how the association has helped its customers secure £4.9m of unclaimed benefits and income, to support them through the cost-of-living crisis. As part of the organisation’s ongoing support for its customers, VIVID has helped 310 customers secure jobs and 226 enrol on training courses.
Pushing forward with development, VIVID has provided 2,956 customers with a safe and secure home last year, building 1,401 new homes. Of these, VIVID can proudly say that 84% were affordable homes, including 260 social rented homes, 429 affordable rented homes and 480 shared ownership homes.
VIVID’s success is attributed to the way its financial strength has been used to provide targeted support to help its customers and communities through the cost-of-living increase.
VIVID has also made strong pledges in the sustainability space by committing to building 300 modular homes a year for the next five years through its partnership with BoKlok UK. In addition, all new VIVID homes will be built with very high levels of energy efficiency.
These factors all play an integral part in the work VIVID is doing to support its customers and bring more affordable homes to the region to meet increasing demand.
Mark Perry, Chief Executive of VIVID said, “The cost-of-living crisis is yet another hurdle society is having to face. By providing significant extra support and investment to customers and communities and helping to address the shortage of affordable homes, we are doing all we can to make a difference.”
Other achievements throughout 2021/22 include:
- Provided almost 3,000 new customers with a home
- Delivered an overall social impact of £106.8m* across its operating area
- Built the most homes for social rent within the whole of the Homes England Strategic Partnership programme at 1,670, demonstrating its promise to deliver truly affordable homes
- Rated G1 for governance and V1 for financial visibility by the Regular of Social Housing — the highest regulatory rating a housing association can achieve
- Partnered with Bargate Homes which guarantees its goal to deliver 17,000 homes by 2030, by providing access to land and expertise
- Have 1,300 customers who help to shape its services and approach
- Supported Basingstoke Foodbank to provide 94 tonnes of food — feeding over 7,600 people during the pandemic
- Formed a partnership with the Domestic Abuse Housing Alliance to help improve how it deals with cases of domestic abuse in its homes and communities and to embed preventative measures.
To read VIVID’s Annual Review and Financial Statements for 2021-22, please visit: https://www.vividhomes.co.uk/about-us/vfm/annual-report-financial-statements
*This figure has been calculated using National Housing Federation’s Local Economic Impact Calculator 2022, HACT Social Value Bank 2022, HACT Minor Adaption calculator, HACT Anti-Social Behaviour calculator and HACT Mental-Health calculator.
