Metropolitan and Thames Valley Housing announce partnership talks
16 January 2018
| Corporate | Housing
The Boards of Metropolitan and Thames Valley Housing are today announcing the start of formal talks to form a partnership.
They will now move forward with their discussions – which will include consultation with funders, residents and stakeholders.
Metropolitan Chief Executive Officer (CEO) Geeta Nanda has been appointed CEO designate of the proposed partnership, and Metropolitan Chair Paula Kahn is Chair designate. Thames Valley Housing Chair Grainia Long has been appointed Senior Independent Director designate, a role which supports the Chair designate.
Between them, the two organisations own, manage or administer more than 57,000 homes in London, the South East, the East Midlands and the East of England.
They have common values and a similar vision as well as complementary geographies, housing tenures, areas of expertise, commercial models and customer service aspirations.
The primary drivers for the proposed partnership are: to enable the housing associations to better serve their existing residents; to build more new homes and stronger communities; and to achieve greater organisational resilience.
Over the coming months Metropolitan and Thames Valley Housing will develop detailed plans for the proposed partnership to:
- improve services for existing residents, including their digital customer service experience
- deliver c. 2,000 new homes a year of which approximately 80% will be affordable
- support investment in local communities and services which will help tackle the challenges faced by the most vulnerable – including older people, new migrants, the long-term unemployed and those living in poverty
- become a financially stronger, more resilient and more agile group with greater capacity and commercial acumen to better meet challenges posed by the external environment
- attract the best talent in the sector by offering a wide range of opportunities, in different specialisms and locations, with tailored training and career development
Geeta Nanda, CEO of Metropolitan, said: “Metropolitan and Thames Valley Housing are two like-minded organisations with complementary strengths. We both have strong track records of investing in communities and are excited by the potential to reach more people and change more lives for the better. Together, we will be stronger and more resilient, with the capacity to do much more.
“Metropolitan and Thames Valley Housing both believe that everyone should have the chance to thrive. We want to provide that chance by building homes and communities where people want to live; creating opportunities for them to grow; and delivering good, local services which they trust.”
Paula Kahn, Chair of Metropolitan, said: “There’s agreement and accord between the Boards of Metropolitan and Thames Valley Housing, and things are progressing well. Both Boards believe that there is a lot of common ground between the two housing associations in terms of their vision and values, and this will form a firm foundation for the discussions which are to follow.
“We have an opportunity here to help more people in need of housing and care and support services at a time of chronic need, while transforming the experience for our existing residents and service users.”
Grainia Long, Chair of Thames Valley Housing, said: “I am excited by this opportunity to better serve our residents and communities while expanding our capacity to provide housing across a number of tenures and deliver new homes and services as creatively and quickly as possible. I believe the proposed partnership will be well placed to respond to the changing and varied needs of its local housing markets with new and innovative solutions.
Customers can find more information about the proposed partnership here.