Housing and Regeneration Finance Summit
The Housing & Regeneration Finance Summit
is now fully booked.
Housing, or the lack of housing, is an urgent problem requiring innovative financial solutions from a wide range of stakeholders.
Finance professionals from local authorities, housing associations, institutional investors and developers all have a unique contribution to make to what is regularly described as a national crisis.
Our new summit is a joint venture between Social Housing, Room 151 and Inside Housing publications which provides a platform for these different players to develop their networks and better understand one another’s approaches to financing housing and regeneration.
We will be bringing together over 200 of the most senior finance and treasury professionals from across housing, local government and the investment community to explore, at a strategic and technical level, how they can work together to secure inward investment and deliver the socio-economic benefits their communities need.
How are strategic finance and treasury professionals addressing the crisis? Is there more scope for joint working? And what do the emerging finance and investment models in housing and regeneration look like across the UK and across the different sectors involved?
Who will be there?
- Local authority CFOs, Section 151 officers, treasurers and heads of housing/regeneration/place
- Housing association CFOs and treasury directors
- Heads of private markets, infrastructure, real estate from global institutional investors
- Heads of strategic partnerships and investment at UK developers
What will be covered:
- Crisis and collaboration: how to finance more house building?
- Housing & regeneration for pension fund investors
- Negotiating finance: what are the key issues holding up investment, funding or development?
- Housing companies: key drivers and business models
- Grenfell: what now for tower blocks?
- Case studies on funding and financial management
- Waqar Ahmed, group finance director, L&Q
- Ruth Cooke, chief executive, Clarion
- Peter Denton, chief financial officer, Hyde Housing
- Paddy Dowdall, assistant executive director, Greater Manchester Pension Fund
- Mathieu Elshout, senior director, Private Real Estate Europe, PGGM
- Alison Griffin, chief executive, Southend-on-Sea Borough Council
- Clive Heaphy, corporate director, finance & governance, Birmingham City Council
- Bruce Moore, chief executive, Housing & Care 21
- Chris Naylor, chief executive, London Borough of Barking & Dagenham
- Sean Pearce, finance director, West Midlands Combined Authority
For sponsorship opportunities contact Catherine Tomlinson on 020 7772 8448 or email firstname.lastname@example.org
Housing and Regeneration Finance Summit programme
09:00 Chair’s opening remarks
Pete Gladwell, head of public sector partnerships, Legal and General Investment Management, Real Assets
09:10 Crisis and collaboration: how to finance more house building?
Speakers will be asked to support or contest one or two of the following themes in ten minute speeches before a Q&A.
- The housing crisis is solvable and finance directors will play a pivotal role
- Financial/investment negotiations are unavoidably lengthy and so current housing targets are unrealistic
- ‘Right to buy’ and the HRA cap guarantee under-development
- Investors like affordable housing but not social housing; the social end of the market will suffer
- Council, housing association and institutional investor interests are aligned
Gareth Blacker, general manager, infrastructure and complex projects, Homes England
Jamie Ratcliff, assistant director (housing), GLA
10:05 Case studies: funding and financial management
Speakers will present seven minute case studies detailing the key lessons learnt in respect of large financial developments before responding in a Q&A to the previous sessions.
- Explore Birmingham City Council’s blueprint for housing and regeneration
- Hear how Hyde are working with local authorities to deliver new homes
- Gain an overview of how Barking and Dagenham are delivering 2,200 new homes with commercial and social infrastructure
-Southend and South Essex: exploring funding models for infrastructure-led growth
Alison Griffin, chief executive, Southend-on-Sea Borough Council
Clive Heaphy, corporate director, finance & governance, Birmingham City Council
Peter Denton, chief financial officer, Hyde
Chris Naylor, chief executive, LB Barking and Dagenham
11:20 Case studies: strategic finance and partnerships
Our panel will showcase, for seven minutes, how they are working with partners to secure and deploy finance to deliver the supply of homes across all tenures before responding in a Q&A.
- Managing the complexities of multi-partner schemes
- Ensuring viability for all partners
- Attracting and deploying strategic finance
- Who contributes what to the partnership: land, finance and expertise
Paddy Dowdall, assistant executive director, Manchester Pension Fund
Michael Jenkins, finance director, Quintain
Peter Elliott, senior property development manager, TfL
12:00 What does success look like and how do we get there?
Long term investment in housing and regeneration projects is underpinned by a comprehensive plan for delivery. The session will be a chair-led discussion where the following points will be explored.
- Creating new business models to deliver projects
- Building in risk management and mitigation strategies
- Delivering a mix of tenures, which are truly affordable
- Creating sustainable places that are socio-economically prosperous
- Gaining community buy-in
Bruce Moore, chief executive, Housing and Care 21
Sean Pearce, director of finance, West Midlands Combined Authority
Maria Christofi, corporate director of resources, London Borough of Redbridge
Claire Williams-Morris, chief financial/ section 151 officer, Guildford Borough Council
13:40 Housing & regeneration for pension fund investors
Pension funds with long term liabilities and cash flow challenges are increasingly seeking income-generating assets to buy and hold. Investors will present for seven minutes on their experiences of investing in housing and regeneration and what challenges they see to investing further still.
David Cryer, manager, fixed income, BAE Systems Pension Fund
Mathieu Elshout, senior director, Private Real Estate Europe, PGGM
Chris Rule, chief investment officer, Local Pensions Partnership
14:20 Supporting the future development of UK cities
- Future Cities: the future development needs of UK cities.
- How institutional capital can work in partnership with local authorities to play their part
- Bringing together capabilities to support the growth of urban communities
- Growing older in UK cities
Kerrigan Procter, chief executive officer, Legal & General Capital
15:30 Negotiating finance: what are the key issues holding up investment, funding or development?
The government wants the sector to get development to around 300,000 homes per annum by the mid-2020s, but for this to happen we need to accelerate build out rates. This session will examine the barriers and showcase solutions to the fundamental challenges that are limiting the supply of new homes. Our panel of experts from across housing will explore the following themes:
- What is limiting the utilisation of funding in development?
- How can the sector quicken the flow of investment into projects?
- Will Brexit stymie the access to funding or increase the cost?
- Do we need to have better and more meaningful relationships with funders and investors?
- Accessing land which is viable from a cost and build ready perspective
Waqar Ahmed, group finance director, L&Q
Andrew Lovegrove, corporate finance officer & section 151 officer, Herefordshire County Council
16:00 Grenfell: what now for tower blocks?
The Hackitt Review will have far reaching consequences for the sector. Our panellist will discuss how they are overcoming some of the challenges and will provide welcome debate around the future of tower blocks. Themes to be discussed include:
- Impact on the value of your stock
- Cost of investment in stock and impact on new development
- Viability of demolishing tower blocks and replacing with low/mid-rise stock
16:40 Closing special guest speaker
17:00 Close and drinks reception
A further stream dedicated to the specific needs and workplace challenges of local authority and housing association treasury teams will also run concurrently with the Housing Regeneration & Finance Summit.
Finance professionals working in these teams will be able to learn from practical sessions dedicated to showcasing the latest innovation and best practice in treasury management and alternative funding and finance structures, to ensure their organisations are agile and can take advantage of opportunities to deliver large scale regeneration projects across the country.
Treasury Stream Programme
11.00 The economy and housing: Are government targets achievable?
While the government’s ambition for dramatically increasing the number of homes built each year is broadly shared across the housing sector, are the underlying economic conditions conducive to them being reached in the coming years?
James Bevan, chief investment officer, CCLA
Christine Whitehead, emeritus professor of housing economics,
London School of Economics
Chair: Joseph Holmes, strategic director (resources), Winchester City Council
12.00 Brexit and the capital markets: Impact on housing
13.30 Financial collaboration and the challenge for commerical venutures
Demand in local government for high quality credit counterparties with asset-backed investment opportunities is arguably well matched by demand among housing associations for flexible funding.
Both registered providers and councils are seeing huge shifts in the way their organisations are funded and there are major implications for their treasury functions. In this session we explore the changing face of treasury across the housebuilding sector as different stakeholders all face greater scrutiny in an increasingly commercial environment. Is there then, greater scope for collaboration in the housebuilding sector between treasury departments?
Tom Paul, director of treasury and commercial, Optivo
Danny Mather, head of corporate finance, Warrington Borough Council
Stephen Kitching, client director, Arlingclose
14.20 In coversation with Paul Johnson
With the event taking place just two days after the last budget before Brexit, leading economist, Paul Johnson will be providing in-depth analysis of the Chancellor’s announcement and what it will mean for local authorities and housing associations.
Paul Johnson, director, Institute for Fiscal Studies
15.30 Scrapping the HRA cap: what does it mean for local authorities and RPs?
As the Prime Minister has now removed the borrowing cap on the HRA, our panel of experts will examine and explore what this landmark announcement could mean in practice for local authorities and for housing associations.
Helen Collins, head of housing consultancy, Savills
Chris Shepherd, director, 31ten
Ian Williams, group director - finance and corporate resources, London Borough of Hackney
16.10 Inflation, interest rate risk and libor reform
With a range of financial reforms and significant risks emerging, how is you treasury investment and borrowing strategy adapting to the new post-QE environment?
Jonathon Clarke, managing director, Centrus
Naomi Roper, partner, banking and finance, Trowers and Hamlins