Three housing associations have ended merger talks to create a £374m-turnover landlord, blaming the recent ‘change in economic circumstances’

BPHA, Flagship and Futures in April began discussions about coming together to create a 60,000-home housing association operating in the midlands and east of England. The three believed the move would enable them to provide more homes and improved customer service.

However yesterday afternoon the three announced the talks have now ended, with the organisations saying the “unprecedented” change in the economic environment has undermined the potential of the three to achieve the goals they set themselves.