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History and Context

History and Context. Stock Transfer - Range of Challenges. Delivering Transfer Promises. So Why Change to Gentoo?. Threats: Investment Plan Maintenance Reductions RTB’s Employment Opportunities: Renewal Plan Inherent Business Capacity Board Support Window of Opportunity.

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History and Context

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  1. History and Context

  2. Stock Transfer - Range of Challenges

  3. Delivering Transfer Promises

  4. So Why Change to Gentoo? Threats: • Investment Plan • Maintenance Reductions • RTB’s • Employment Opportunities: • Renewal Plan • Inherent Business Capacity • Board Support • Window of Opportunity

  5. Structuring for the Future Gentoo Group Finance & Resources New Business Development Business Improvement and Strategy Environment Customer agenda Gentoo Construction Gentoo Homes Gentoo Ventures Gentoo Sunderland Gentoo Living Commercial Construction Domestic Construction Modernisation Central maintenance QS and consultancy New Home development Renewal Mixed tenure Development for sale Investment brokering Estates and property management Housing management services Customer service Repairs service Care and Support Social Investment Regeneration Community Enterprise Regeneration

  6. The Investment Plan • £350 million funding to modernise homes and spending over £1 million a week • From 80 modernisations per year before transfer to 3,000 per year since transfer – over 22,000 now completed • Exceeding the Government's Decent Homes Standard with a wide range of improvements to existing homes • Extensive customer consultation prior to work beginning and high levels of customer satisfaction with completed work

  7. THE RENEWAL PLAN • Tackling unpopular areas of housing through demolition and new build – aim is to create sustainable mixed communities • Benefits of mixed tenure development • 10 Year Programme – began in 2003 but subject to regular review • £440 Million • 436 Acquisitions • 3930 Demolitions • 3604 New Homes • 1811 Rent • 1791 Sale

  8. SOCIAL INVESTMENT • Many activities across the City carried out under the banner of ‘social investment’ – many have been responses to opportunities rather than a strategic approach • Profits from subsidiaries are re-invested into the communities in which the Group works • Delivered predominantly by Gentoo Sunderland and Gentoo Living teams – with 1,700 staff and 98 neighbourhoods can be difficult to co-ordinate, monitor and evaluate • Focus on making neighbourhoods stronger – Gentoo is sponsoring Academy360 in Pennywell to improve educational attainment in a deprived area • Developing a Corporate Social Responsibility database and will be introducing an impact assessment process (SAA/SROI) in 2009.

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