Sovereign Network Group (SNG) has published its first corporate plan setting out its ambitions to invest in homes, the delivery of customer services, and in its communities.
A member of London’s G15 group of housing associations, SNG was formed in October this year through the merger of Sovereign Housing Association, and Network Homes, to create an organisation with 84,000 homes across London and the South of England.
The plan, which covers the period to 2026, confirms its ambition to build 25,000 more homes over the next 10 years, with at least half being for social or affordable rent.
Mark Washer, SNG’s group chief executive of SNG, said: “The creation of SNG has always been about investing more and doing more to provide the good, affordable homes that we know are the foundation for a better life for our current and future customers. This plan is a first step for our new organisation that shows the scale of our ambition.
“We have no illusions about the challenges facing us and the sector, or those facing the people that need our homes. But if we don’t think long-term and make the right, sustainable, investment now in our places, our people, and our customers, we won’t see the thriving communities that lead to real increases in well-being, economic growth, and a stronger society.”
Alongside the development of new homes, SNG says it will invest in its existing customers’ homes by applying its Homes and Place Standard to all its homes.
The Homes and Place Standard sets out an ambition for all SNG customers’ homes to be easier to maintain, cheaper to run and located in “great places”, alongside meeting its net-zero goals. This in turn drives the association’s long-term £8.6bn programme to make sure all its homes meet the standard, investing in existing and new homes.
SNG’s vision of “thriving communities, over generations” is also set out in the plan, which is said to lay the groundwork for long-term investment in environmentally and socially sustainable delivery. The association has also published its new purpose, “providing good, affordable homes: the foundation for a better life”, to guide its work and strategic decision making.
The organisation says it is also planning to maintain strong investment in its customer service, and use improved collaboration with tenants as well as data insights to raise their experience.
To deliver more for its communities, SNG also says it will launch a new Community Foundation to invest £100m over the next 10 years to build on the strengths in those communities, so residents can “enhance their own lives”. This foundation will work with private, public and charity organisations to support strong and adaptable communities over generations.
Image credit: Portrait Image Asia/Shutterstock
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