Bernicia will focus more than a quarter of spend on building 1,000 homes over next five years
North-east housing association Bernicia has published its five-year corporate strategy which sets out its plan to invest £400m into homes and services.
Over the period, the provider will invest £150m in up to 1,000 new homes and spend £121m on improving the quality of existing properties, with a focus on energy efficiency.
The new homes will primarily be for social rent, while its investment in retrofit aims to bring all of its properties to SAP C energy efficiency levels or more by 2030, from the current level of 90%.
Bernicia, which owns and manages more than 14,000 homes, will also spend £115m on day-to-day property maintenance and £3.25m to help tenants make the most of employment opportunities and “enhance wellbeing”.
Bernicia chief executive John Johnston said the provider was “choosing ambition over inertia” and that its strategy recognised that “every home we provide and relationship we develop, has the power to change lives one person, one family, one community at a time”
“By listening closely, acting decisively and collaborating with like-minded partners, we will use our financial strength, expertise, insight and community understanding to generate and drive meaningful impacts that help people and places to thrive,” he said.
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