Yes, less money = less stock investment to improve the standard of homes. This is a challenge that the sector needs to embrace as it will not go away. However, these challenges will drive a focus on ways in which we can really generate greater efficiencies and benefits with less money.
Based on our wealth of asset management services MITIE has developed processes and products to support clients which we have further developed in these challenging times.
Through historical repairs analysis we both understand where the money that we do have available can be best spent to turn off repairs demand and better understand the benefit from investment through past Decent Homes programmes. This enables us to direct money to investment solutions that work by understanding the repairs requirements of legacy and Decent Homes assets. The outcomes are preventative maintenance and capital investment programmes that have the effect of reducing repairs spend to help fill the gap in capital budgets, and best utilising the budget to sustain and improve homes for residents.
Mike, in these times of austerity it is best to view every problem as an opportunity! Our sector is facing a revolution in regulation, allocation and finance. A major challenge with this revolution is how we continue to foster social mobility in the communities we operate in, and the new pressures that this gives rise to with respect to the future leadership and governance needs of the sector.
In response to the cut in Decent Homes funding and the strain on the repairs budget I have implemented a pilot scheme at Nottingham City Homes in my capacity as a non-executive Director. The pilot is a partnership with the probation service and utilises offenders in property maintenance activities such as grounds maintenance and void clearance.
This not only enables us to achieve more for less but the work is structured in such a way that the participants are able to get a CSCS Card which improves their employability.