GREAT PLACES HOUSING GROUP LIMITED
£345,000,000 4.75 per cent Secured Bonds due 2042 (ISIN Number XS0842152281)
Regulator of Social Housing awards Great Places G1/V2/C2 rating
Great Places Housing Group has maintained its G1/V2 regulatory grades following the recent inspection by the Regulator of Social Housing and received a C2 grade against the new Consumer Standards.
The Regulator found that Great Places demonstrated the effectiveness of its governance arrangements and continues to effectively manage the risks of its activities allowing it to deliver its strategic and charitable objectives.
It also found that Great Places has the financial capacity to deal with a range of adverse scenarios and that its stress testing within its business plan enables it to manage a wide range of risks, including those which sit around its sizeable development and sales programme.
Great Places received a C2 grade against the revised consumer standards, identifying both strengths in service delivery, and a small number of areas for improvement.
Great Places operates across 47 local authority areas, primarily across the North West, and Yorkshire. Its greatest number of homes are within Greater Manchester. It owns and manages around 26,000 social housing homes. The majority are general needs and affordable rent properties, with the remainder including Low-Cost Home Ownership and supported housing or housing for older people.
The group employs around 1000 full time equivalent staff and plans to develop around 4,000 properties over the three years of its Corporate Plan.
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