We’re excited to be attending PfH Live in Manchester this coming Tuesday (27th June) and having the opportunity to meet fellow professionals working in the social housing sector.
We’ll also be promoting our Benefit Cost Calculation Tool, which analyses the Value for Money (VfM) of social housing-related investment. So why is this important?
Demonstrating economic VfM is not only good practice but also a means to significantly increase the chances of securing funding.
While the urgent need for more and better social housing is well understood, affordable schemes can be outbid by private developers, whose schemes often deliver a greater direct financial benefit to the local authority, e.g. paying more for land.
For social housing projects to compete, a VfM assessment is needed that quantifies the benefits of a project to the wider economy. This may include some or all of the benefits set out in the schematic below.
The aim of the BCC Tool is to make this VfM analysis more accessible, helping social housing developers / promoters to strengthen the case for funding for social housing projects by demonstrating their true economic value.
Such calculations enable the relevant funding body (local or national government or other public sector organisation) to choose the projects that deliver the highest value, thereby making best use of the limited resources available.
If you would like to learn more, please get in touch – we would be delighted to explore how we may be able to support you in progressing your projects.