Tuesday, 26 February 2019

42 Social Housing Mergers Made In 2018

Figures from commercial law firm EMW reveal there was a total of 42 mergers between housing associations in 2018. The analysis further states that this brings the total number of deals in the last five years to 171. Housing associations are said to have been undertaking mergers as a way of cutting their cost base to deal with reduced government spending on social housing. Figures from the National Housing Federation show the government’s capital commitment towards building homes plummeted from £11.4bn in 2009 to just £5.3bn in 2015. The analysis added that, by merging or amalgamating, housing associations can remove duplicated back office costs in areas such as IT and HR. Read more on 24housing.
https://www.24housing.co.uk/news/42-social-housing-mergers-completed-last-year/

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