Shoreline and Boston Mayflower merger could bring an extra £50 million to spend
21st August 2017
The possible merger of two Lincolnshire housing organisations could give them an extra £50 million to spend on services and future development.
Shoreline Housing Partnership and Boston Mayflower are currently negotiating the possibility of a merger between the two companies in order to create a 12,700 home Greater Lincolnshire landlord, believing that it could create a more efficient and resilient business, with a greater ability to invest in new and existing homes.
Consultations are currently underway with residents and employees of both housing providers as well as key stakeholders, local authorities and the wider community and will run until Monday, September 4.
These consultations are designed to answer the questions and concerns raised by those affected by the merger, giving the organisations a chance to reassure them that nearly all of the frontline services that they offer will remain the same, with the bulk of the proposed changes affecting IT facilities, financial services and senior management.
In the immediate future the merger would mean that residents will continue to see £15 million annual investment for upgrades and home maintenance, safe communities as the organisation works with communities and partners to combat anti-social behaviour and provide, along with increased services as it seeks to provide its own handyperson, warden and community support services.
In the long term, there will be an increase in spending capacity, as the organisation gets £50 million more to spend and invest, a repair service running seven days a week, the creation of 60 new homes per year, and there are hopes that an additional 4,000 people will be housed over the next 30 years.
As part of the consultation, Shoreline has been trying to provide feedback to customers about any queries they may have and are keen to stress that the merger would not change any tenancy agreement, rent will remain the same, current projects will still take place, landlords will not change and services will still be catered for locally as local employees and offices will remain in place.
If the merger is to go ahead then it could take place as early as November this year.
News Courtesy: www.humberbusiness.com