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Gloucestershire Business News

Plans for 200-plus new homes in Gloucestershire revealed

After building 50-plus homes in Gloucestershire in the last year a county firm has revealed it aims to build four-fold that amount.

Declaring what it called a "robust" financial position in its annual results and a £25.5 million turnover, the company also laid out its ambitions for the 2019/2020.

In the last year Two Rivers Housing, which employs 146 staff in Gloucestershire, said it had spent £16.3 million on new homes and £2.4 million upgrading its existing homes.

"Our new-build programme continues to go from strength to strength, with 56 homes completed this year and a further 212 homes in the pipeline to be delivered in 2019/20," said Garry King, chief executive of the independent Newent-based not-for-profit organisation.

"Externally, our regulators in-depth assessments confirmed our financial viability and governance ratings (G1) and out external audit of landlord compliance resulted in substantial assurance, with some of our processes cited as best practice."

The group's surplus on reserves at the end of the financial year was £44.7 million (2018: £41.6 million).

"The group supports a wide range of charities, community group, school and colleges through its Helping Hands initiative and a community fund managed in conjunction with builders' merchants Travis Perkins.

Two Rivers Housing aims to provide support services to people and communities across the Forest of Dean and its surrounding area.

It was formed following the large scale voluntary transfer of properties from the Forest of Dean District Council in 2003.

At the end of March 2019 the business managed 4,047 homes including 4,001 social housing properties with related support, two market rent properties and 44 leasehold properties.

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